GET DAILY SIGNALSChina pulls the plug on purchases of US agricultural goods
China confirmed reports that it will cease to buy U.S. agricultural products.
A spokesperson for the Chinese Ministry of Commerce said that Chinese companies have stopped purchasing U.S. agricultural products in response to U.S. President Trump’s latest 10% tariffs on additional $300 billion of Chinese goods.
The department also indicated it would “not rule out” tariffs on newly bought agricultural goods after August 3.
Previously, Trump had said that he had secured a large amount of agricultural purchases after meeting with China President Xi Jinping at the G-20 summit in June. But later, Trump alleged that China is not staying true to the agreement, and then he announced on Thursday the 10% tariffs on the remaining $300 billion in Chinese imports.
China accounted for $5.6 billion in U.S. farm product exports in 2018, according to the U.S. Census. It purchased roughly 60 percent of U.S. soybean exports last year. China is the fourth largest market for U.S. farm exports, behind Canada, Mexico and Japan.
As it is, U.S. net farm income has been declining in the past six years, even before the tariffs came into effect. And now, with China pulling out of U.S. agricultural products, U.S. farming industry’s challenges could potentially get severely exacerbated.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
SPY in upward trend: price may ascend as a result of having broken its lower Bollinger Band on October 30, 2026
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 35 of 39 cases where SPY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +0.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in 295 of 356 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
The Aroon Indicator entered an Uptrend today. In 362 of 419 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 49 of 70 cases where SPY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 70%.
The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In 61 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on October 15, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In 38 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 73%.
SPY moved below its 50-day moving average on October 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SPY crossed bearishly below the 50-day moving average on October 30, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
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