Market Prep & Trade Ideas + TEM, UMAC, PLTR, HIMS Earnings

$EOSE $PLTR $UMAC $HIMS $TEM $ASTS

Hi everyone,

The entire week consisted of repeated gaps and selloffs, with the SPX retesting toward the 10DMA (blue line). However, there remains room to decline further, and it would be acceptable to retest toward the 20DMA (green line), which is around $671 on SPY, and fill another gap. Below that level, all short-term long trades could be compromised. The weekly chart on SPX also looks ugly, with visible selling pressure. Mega-cap earnings were mostly positive, but the market was choppy and weak due to U.S.-China tariff deal uncertainty. That has now changed.

The USA and China signed the Phase One accord of the trade pact in Seoul—the biggest bilateral breakthrough since 2020. Following the initial Phase One reveal (Dec 2019), the S&P 500 surged +14% in three months. Trade détente often fuels equities, and it could be the catalyst to continue higher this time as well. The agreement addresses three pillars: supply-chain resilience (minerals), economic vitality (agriculture), and national security (fentanyl). Rollout begins Nov 10, and we will closely monitor China’s soybean purchases as the first hard proof of follow-through.

The US-China Phase One accord, suspending China’s rare earth export controls for one year, has triggered sharp short-term declines in U.S. rare earth stocks like MP Materials (-10% to -18%), Energy Fuels (UUUU, -18% from peak), and USA Rare Earth (USAR, -8% to -15%), as it removes the scarcity premium that fueled their 100–400% YTD gains.

While the deal eases supply risks and supports broader equities, it delays catalysts for domestic producers still scaling up. Long-term outlook remains positive if U.S. diversification advances and China underdelivers on commitments. We need to see how these stocks react to the news tomorrow and if the selloff continues and reversal setups are eliminated (e.g. UUUU).

SPX Levels

Resistance: 6,874 / 6,895,

Support: 6,818 / 6,793 / 6,750

Trade Ideas for the Next Week

ASTS 0.00%↑ - Nice price action above the demand level. For a shorter-term trade, this stock could break out above the trendline and move higher toward 100/110. It’s holding well at the 75–80 level, which is strong support and must hold. There is also a huge GEX wall at $80 so once this level shall hold.

EOSE 0.00%↑ A breakout of this flag patter above 16 could lead to the higher levels, such as GEX $20 or supply zone around $24.

Earnings next week: let’s dig into option flow and expected moves on PLTR, HIMS, TEM, and UMAC. These are the names to watch—real setups, real edges. Who’s set to run, who’s at risk? Let’s break it down.