Alan Long

TradingKey - On October 21, gold prices extended their correction, with gold (XAUUSD) dipping to an intraday low of $4,106, approaching the $4,100 level and marking its fourth consecutive session of losses. As global oil prices have remained elevated recently, markets are reassessing the impact of energy prices on U.S. inflation and the Federal Reserve's subsequent interest rate policy.

TradingKey - As of the close on October 20 Eastern Time, SpaceX (SPCX) shares closed at $147.79, down 0.11%. After the market close that day, SpaceX released its third-quarter 2026 earnings report. Driven by better-than-expected results, the stock rose to as high as $161.56 in after-hours trading, a gain of 9.32%.

TradingKey - Tesla (TSLA) is set to report its Q3 2026 financial results after the market close on October 21, Eastern Time. While the company's previously announced third-quarter deliveries exceeded market expectations, against the backdrop of rising capital expenditures and increased investment in AI and autonomous driving, investors need to focus on whether these sales can translate into profits, free cash flow, and more stable gross margins. Meanwhile, after hitting a local high in early October and experiencing a continuous pullback, TSLA's stock price has recently rebounded to around $370, making this earnings report a critical variable in determining whether the stock can retest its previous highs in the short term.

TradingKey - On Tuesday (October 20) Eastern Time, futures for the three major U.S. stock indices were mixed in pre-market trading. International oil prices returned to above $100 per barrel, which, coupled with concerns over financing costs for AI infrastructure, cooled risk appetite for tech stocks.

TradingKey - As of pre-market Eastern Time on October 20, US memory chip stocks weakened again in pre-market trading, experiencing a noticeable pullback following Monday's strong rebound. Micron Technology (MU), SanDisk (SNDK), Western Digital (WDC), and Seagate Technology (STX) all declined in pre-market trading, indicating that the recent correction in the memory sector may not be over yet.

TradingKey - As of the close on Monday (October 19) Eastern Time, SpaceX (SPCX) shares closed at $147.96, up 1.32% for the day, after reaching an intraday high of $151.01. The closing price remained noticeably under pressure below $150, indicating that this level has become a short-term resistance level. The stock had previously been pulling back from an interim high of $176.42 on October 6, touching a low of $140.66 on October 15. Shares rebounded on Monday ahead of earnings, a move that reflects a technical recovery following a high-level pullback.

TradingKey - As of the close on October 19 Eastern Time, Amazon (AMZN) closed at $262.45, up 4.98% for the day, hitting an intraday high of $263.72, with trading volume reaching 56.19 million shares, up from 40.43 million shares in the previous trading session. The rally in Amazon's stock price was driven by Morgan Stanley (MS) naming the stock a top pick and raising its price target from $335 to $350, which represents a potential upside of approximately 33% based on the latest closing price.

TradingKey - On October 20, international oil prices remained elevated, with Brent crude (UKOIL) breaching the $110 mark during intraday trading to hit a near five-month high. Continued market focus on risks surrounding Middle East energy facilities and shipping security helped keep crude oil prices above $100.

TradingKey - At the close on Friday (October 16), the S&P 500 fell 1.09% to 7,659.44 points, down 1.95% for the week, primarily weighed down by a sell-off in AI-related tech stocks, rising financing costs, and a market reassessment of returns on AI capital expenditures. Heading into pre-market trading on October 19, US stocks rebounded, with S&P 500 futures rising by about 0.5% at one point. As the index approached 7,600 points again, Morgan Stanley's (MS) assessment that the current US stock market correction may be entering its late stage has drawn renewed attention.

TradingKey - On Monday (October 19) Eastern Time, futures on the three major U.S. stock indexes were mixed in pre-market trading, with Nasdaq 100 Index futures leading the gains. AI, semiconductor, and memory stocks that suffered heavy sell-offs last week rebounded. Meanwhile, Trump's decision to pause the implementation of new sanctions targeting Russia and its energy trade helped pull back international oil prices and U.S. Treasury yields, improving risk appetite for growth stocks.

TradingKey - On October 19, US memory and storage stocks rebounded collectively in pre-market trading. Following a continuous pullback last week, Micron Technology (MU), SanDisk (SNDK), Western Digital (WDC), and Seagate Technology (STX) all moved noticeably higher, with a broader recovery in tech stocks providing support for the sector.

TradingKey - On October 19, Eastern Time, SpaceX (SPCX) shares fell 1.74% last Friday to close at $146.03, bringing its cumulative decline this month to over 10%. Against the backdrop of ongoing pressure on AI-related stocks, SpaceX is set to report its third-quarter 2026 financial results after the market close on Tuesday (October 20), an earnings release that will significantly influence the stock's future trajectory.

TradingKey - On Monday (October 19), Brent crude (UKOIL) prices opened significantly lower following a sharp gain last Friday. As of writing, oil prices were down about 2.1%, trading near $107.70. On Friday, Brent crude touched $110 intraday, hitting a new high since May, before settling at $109.86 per barrel. However, as the U.S. announced the easing of certain sanctions and tariff restrictions against Russia, growing market expectations of increased Russian energy exports pulled oil prices back as trading opened this week.

TradingKey - In the coming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month increase since March 2022. Meanwhile, September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending continues to demonstrate resilience.

TradingKey - The U.S. memory sector has continued to pull back recently, with Micron Technology (MU), SanDisk (SNDK), Seagate (STX), and Western Digital (WDC) all recording notable declines. As of October 14 Eastern Time, Micron dropped 4.1%, marking its fifth consecutive trading session of losses, while the Philadelphia Semiconductor Index fell for the sixth straight trading day. The recent pressure stems partly from profit-taking following prior strong gains, and partly from progress made by Chinese memory manufacturer ChangXin Memory Technologies (CXMT) in novel memory cell architectures, which has sparked market concerns over future capacity growth and intensified competition.

TradingKey - As of Friday (October 16), Bitcoin (BTC) maintained a range-bound trend following a sharp drop on Thursday, with the latest price trading around $82,300. Previously, BTC dipped to near $79,700 on October 15, hitting a nearly four-week low, before quickly rebounding above $82,000. However, the current price remains below the level of around $84,000 seen at the beginning of the week, indicating that short-term correction pressure has not yet been fully eliminated.

TradingKey - On Friday (October 16) US Eastern Time, futures on the three major U.S. stock indices were mixed in pre-market trading. Federal Reserve Chair Kevin Warsh gave no clear signals regarding the October and December interest rate decisions, causing the U.S. Dollar Index to weaken. Meanwhile, concerns over AI enterprise valuations and financing costs continued to weigh on tech stocks, while the market awaited the release of economic data, including U.S. industrial production.

TradingKey - As of the close on October 15, Eastern Time, Micron (MU) snapped a five-day losing streak, closing up 1.87% at $931.24. The stock dropped to an intraday low of $858 before rapidly rebounding to near $931, with a trading volume of approximately 39.1 million shares. Technical analysis indicates that the head-and-shoulders bottom pattern remains intact, suggesting that Micron's stock price is expected to stabilize and rebound.

TradingKey - As of the European session on October 16, gold prices (XAUUSD) extended their rebound, trading near $4,185, up about 0.4% on the day. Gold had previously fallen to around $4,073 before staging a continuous recovery. Yesterday, both US PPI and retail sales data came in above market expectations, but the US dollar and US Treasury yields failed to push higher and instead retreated, providing support for gold.

TradingKey - On October 15, the U.S. Bureau of Labor Statistics released the Producer Price Index (PPI) for September. U.S. PPI surged 1.3% month-on-month in September, significantly exceeding market expectations of around 0.6% and marking the largest single-month increase since March 2022. Year-on-year, it rose 6.3%, also notably higher than the August level, indicating a further escalation of price pressures on businesses.