Market update: SPY ETF leads gains on Monday

Where prices stand

The SPY ETF rose 0.58% to $767.71; the UUP ETF rose 0.24% to $28.99; the GLD ETF fell 0.52% to $380.03; and the USO ETF rose 0.36% to $162.34 — all moves are from the prior close and prices are as of Oct 19, 18:00 UTC, per Finnhub. Market breadth tracked 4 instruments, with 3 up and 1 down.

Trend check

WTI Crude Oil is flagged bullish with RSI(14) 58.5; its reported close is 101.91, above the 50-day SMA 92.59 and the longer SMA 85.49, providing reference points rather than predictions. No RSI(14) or moving-average signals are provided in the available files for the SPY ETF, the UUP ETF or the GLD ETF for this edition.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 18, 22:40 UTC); it is not a recommendation.

In the news

Yahoo published a piece citing a Pulitzer-winning crash historian on US stocks at 250% of GDP. Yahoo also ran a week-ahead preview focused on Meta and Tesla earnings and an item titled "Will the Fed Raise Rates This Month? Here's What Markets Say." Forexlive published a technical note on USDCAD after softer CPI data.

• ‘The Major Ones All End Badly’: Pulitzer-Winning Crash Historian on US Stocks at 250% of GDP — Yahoo, Oct 19, 15:35 UTC
• Week ahead: Meta, Tesla earnings to test AI trade as inflation concerns linger — Yahoo, Oct 19, 14:40 UTC
• Will the Fed Raise Rates This Month? Here's What Markets Say. — Yahoo, Oct 19, 13:42 UTC
• USDCAD bounces after softer CPI data but they have work to do. — Forexlive, Oct 19, 13:29 UTC

What to watch

Housing starts and permits (Census) is scheduled Tue Oct 20 (time not confirmed). Weekly jobless claims (DOL) is scheduled Thu Oct 22 (time not confirmed).

• Tue Oct 20 (time not confirmed) — Housing starts and permits (Census) (US) (source)
• Thu Oct 22 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)

Sources and data

• Yahoo (secondary source) — ‘The Major Ones All End Badly’: Pulitzer-Winning Crash Historian on US Stocks at 250% of GDP
• Forexlive (secondary source) — USDCAD bounces after softer CPI data but they have work to do.
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar
• Bank of England (primary source) — calendar
• U.S. Bureau of Labor Statistics (primary source) — calendar

Market data as of Oct 19, 18:00 UTC; report generated Oct 19, 18:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.