SPDR S&P 500 ETF Trust

SPY

Market cap $656B

SPY opens at 666.50, where bulls are looking to stabilize and build on last week's resilience. A push above this level could lift price into 667.70 and 668.90, with further momentum targeting 670.10. If buyers remain active, SPY may stretch into 671.30 and 672.50, showing continued appetite for risk despite macro uncertainty.

The three major US indices all look to recover in the early hours of Wednesday, as we continue to see a lot of volatility out there.

You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Is the market rally running out of steam?

It's early days, but the fourth quarter has brought a change in market leadership at the sector level. Healthcare, one of the year's big laggards, is now the best performing S&P 500 sector so far in October.

September was another strong month for equity indexes despite it historically being a weaker month, meaning we were able to buck that seasonality trend. The Fed cut 25 basis points last month and is expected to cut more going forward, which could help to keep optimism and momentum in equities. Pushing into all-time highs, I tend to allow cash to build up for the next downturn, but I still add every month regardless to help build up my cash flow.

SPY could face increased volatility in the near term amid renewed political risks from U.S.–China trade tensions, with tail risk being particularly concerning. Trump's 100% tariff threat on China seems more like a political move, and it will likely lead to a deadline extension instead of escalating into a full-blown trade war.

The three major indices in the US all look a bit soft in the premarket hours of Tuesday, and as a result, we could have a bit of buying opportunity presenting itself with just a bit of help.

Good Morning Traders!

The stock market has come across some volatility -- volatility that we have not seen for a number of months now -- with the S&P 500 (SPY 1.57%) falling more than 1%. The headwinds in the market are piling up, and in today's video, I will discuss those and why I believe further downside could be in the cards.

Is past and present stock market performance a good predictor of how the market will perform in the future? It can be sometimes.