Alan Long

TradingKey - As of the Asian session on July 1, SpaceX (SPCX) shares closed at $170.86 on Tuesday, up 4.06%, touching an intraday high of $173.28 and a low of $160.38, with trading volume exceeding 82 million shares. Following a surge in its early listing period and a subsequent rapid pullback, the stock price has recently rebounded, indicating that market enthusiasm for SpaceX has not entirely faded.

TradingKey - As of today's (July 1) early Asian session, gold (XAUUSD) prices maintained a weak intraday decline. After consolidating above $4,000 at yesterday's close, the gold price broke below $4,000 again today, indicating that market sentiment leans bearish amid instability in the US-Iran situation.

TradingKey - On June 30, Eastern Time, US stocks continued to edge higher in quarter-end trading, with AI and chip stocks emerging once again as the core drivers pushing the market upward. Despite ongoing uncertainties regarding a Middle East ceasefire and investors remaining focused on the US non-f

TradingKey - As June draws to a close, market focus is shifting to the upcoming US non-farm payrolls (NFP) data for June, scheduled for release this Thursday (July 2). The release of this NFP report has been moved forward to Thursday as US markets will be closed on Friday (July 3) in observance of the Independence Day holiday.

TradingKey - As of the Asian trading session today (June 30), gold (XAUUSD) extended its recent downward trend, with intraday prices briefly falling below $4,000 to hit a new year-to-date low of $3,942.50. The primary reasons for today's decline in gold are: uncertainty surrounding the US-Iran situation has heightened inflation expectations, while the non-farm payrolls data to be released this Thursday may reduce market liquidity, further putting pressure on the upward movement of gold prices.

TradingKey - On June 29 (ET), US stock markets rose across the board, supported by a rebound in tech stocks and a temporary cooling of tensions in the Middle East. AI and mega-cap tech stocks, which had previously been under continuous pressure, staged a corrective rally, driving the Nasdaq Composit

TradingKey - As of the European session on June 29, WTI crude oil (USOIL) prices fluctuated and weakened near $70.00. From the market perspective, oil prices opened slightly higher due to the renewed exchange of fire between the US and Iran, but subsequently weakened again as tensions eased.

TradingKey - On June 29, following the official announcement of a new round of semiconductor and artificial intelligence (AI) industry development strategies by South Korean President Lee Jae-myung, Samsung Electronics announced after-hours a massive long-term investment plan of up to 2,655 trillion Korean won (KRW). This marks the largest investment in the history of South Korea's AI and semiconductor strategy. The investment will focus on key areas including AI semiconductors, advanced memory chips, AI data centers, advanced packaging, new wafer fabs, displays, and batteries. This move demonstrates South Korea's attempt to leverage the synergy between corporate capital expenditure and national industrial policy to further consolidate its core position in the global chip supply chain.

TradingKey - Latest market data show that last Friday (June 26), Micron (MU) experienced a pullback on the first trading day after releasing exceptionally strong earnings. The stock surged to an intraday high of $1,198.71 but later retraced to around $1,121.36, closing down 6.69% for the day. The price action indicates that due to overextended recent gains and rising profit-taking, the stock has begun to show signals of heavy profit-taking at these elevated levels.

TradingKey - On June 29, the latest reports indicate that South Korean President Lee Jae-myung will officially unveil a new national development strategy today, covering semiconductors, AI data centers, and the robotics industry. Samsung Group and SK Group are expected to announce an investment blueprint at the meeting, with a total scale of up to 2,000 trillion won (approximately $1.3 trillion) over the next decade. The plan will focus on advanced memory chips, HBM, high-end wafer fabrication, advanced packaging, and AI infrastructure construction. These initiatives will also receive supporting government assistance in power, water resources, transportation, and talent cultivation.

TradingKey - On June 26, Eastern Time, the three major U.S. stock indexes closed mixed. Tech stocks remained under pressure and the semiconductor sector continued its pullback, dragging the Nasdaq down for a fifth consecutive trading day.

TradingKey - Heading into the second half of 2026, the gold market has transitioned from a strong performer early in the year to an asset undergoing a high-level correction. Recently, gold prices fell below the $4,000 threshold for the first time since November 2025, down approximately 29% from the all-time high of $5,597.91 reached in January. On the surface, gold seems to have entered a period of distinct weakness. However, looking at the full-year horizon, can gold still rise in 2026? The answer is that while short-term pressure persists, there are still opportunities for a medium-term recovery, and the long-term bullish thesis remains intact.

TradingKey - On June 30, Eastern Time, Nike (NKE) will report its fiscal fourth-quarter 2026 financial results. For this earnings report, the market's focus is not only on performance, but also on verifying whether the turnaround plan driven by CEO Elliott Hill is yielding results.

TradingKey - As of the close on June 25, Eastern Time, Microsoft (MSFT) shares extended their recent intraday downward trend, closing down 3.46% at $352.83. Since the start of June, Microsoft's stock has steadily declined, racking up a cumulative drop of 21.64%, which indicates that investor sentiment has turned bearish. Furthermore, as the stock price broke below its March low, market bearishness was further amplified. Today, the stock rose slightly by 1% in pre-market trading, suggesting some downside support.

TradingKey - As of today (June 26) during the Asian session, gold (XAUUSD) prices fluctuated around $4,010. Yesterday, gold rebounded briefly following the release of the PCE data, with market sentiment improving significantly compared to before the release. However, from an overall structural perspective, gold has not yet fully shaken off its weak setup. Although the PCE data did not deteriorate further beyond expectations, triggering short-term short-covering, US inflation remains significantly above the Federal Reserve's 2% target. Expectations of future Fed rate hikes persist, limiting the upside potential for gold's rebound.

TradingKey - On Thursday, June 25 (Eastern Time), Apple (AAPL) shares closed down 6.12% at $275.15, after hitting an intraday low of $273.75. Looking at the session, Apple not only underperformed the Nasdaq today but also became one of the key heavyweights dragging down the performance of mega-cap tech stocks. The direct catalyst for the market sell-off was Apple's recent announcement of price hikes across multiple hardware products, triggering a reassessment by investors of its future demand, profit margins, and brand pricing power.

TradingKey - According to media reports, OpenAI is considering postponing its planned initial public offering to next year to secure a higher valuation and await more favorable market conditions. Sources say that OpenAI's advisors have presented two options to the company's management: either list as soon as possible while accepting a lower valuation, or wait until 2027 to proceed with the IPO to target a valuation of up to $1 trillion.

TradingKey - On June 25, Eastern Time, the three major US stock indexes closed mixed. Strong earnings from Micron (MU) reignited trading in AI memory and semiconductors, but declines in Apple (AAPL) and several mega-cap tech stocks offset the support from the rebound in chip stocks. Meanwhile, US May PCE inflation rose to a three-year high, and the market remained cautious about the Federal Reserve's subsequent rate hike path.

TradingKey - As of the Asian session today (June 25), gold (XAUUSD) was trading at $3,976.90, down 0.54% intraday. Following yesterday's drop below $4,000, gold prices fluctuated near $3,980 today, indicating that the market is awaiting further catalytic signals to determine its short-term direction. Notably, the U.S. May PCE data is scheduled to be released today.

TradingKey - On June 24, Eastern Time, Qualcomm (QCOM) sent a major signal at its Investor Day: the company projects that its data center chip sales will exceed $15 billion by 2029, with revenue from the segment expected to reach $5 billion by fiscal year 2027. Meanwhile, Meta (META) will adopt its Dragonfly C1000 data center CPU, and Microsoft (MSFT) will deploy its HBC chips, marking Qualcomm's official entry into the AI data center market. Following the announcement, Qualcomm shares surged over 12% in after-hours trading.