- AI CapexneutralThe current issue in the AI market is not demand, but capital and credit. High-quality borrowers can still raise funds, while high-risk borrowers with large funding gaps are being punished by the tight credit market.Source
- MSFTneutrallong-termMicrosoft is a high-quality credit stock and one of the host's holdings. It rose 1.76% in October against the downtrend, merely giving back part of its gains, so its performance is not bad.Source
- NVDAneutrallong-termNVIDIA's credit quality is not as high as Microsoft's but is still first-tier. It fell 10% in October, only giving back September's and part of August's gains, with no crash-style decline. It is one of the host's long-term holdings.Source
- GOOGLneutrallong-termAlphabet's stock has returned to its March price, but the host reduced his position in 2025 and did not chase it at highs, so the drawdown is only a retracement of profit. Its AI revenue growth beat expectations, but its advertising business is slightly weak; another quarter of Q4 earnings is needed to see if the weakness is a trend.Source
- TSLAneutrallong-termTesla is a holding that the host added to early at around $100; he did not add above $200, and the stock still rose 12% this month.Source
- ISRGneutrallong-termIntuitive Surgical is a holding the host added to at over $300 in July this year without chasing highs; it rose 6% this month and has risen for three consecutive months.Source
- TRVneutrallong-termTravelers is a holding the host built several years ago at costs of $100+ and $160+; it has now doubled and is close to tripling. Because he did not chase and did not reach his add positions, his profit is relatively small.Source
- INTCneutrallong-termIntel's stock has halved from its high; its valuation needs time to be absorbed. Next year its fundamentals may improve significantly, but it still needs time. Trapped investors should find ways to prevent further losses.Source
- SOXXneutralshort-termThe iShares Semiconductor ETF (SOXX) rebounded and got trapped, then reversed to a new low and broke below its 200-day moving average. This is absolutely not a good trend and needs consolidation; 486 has been broken and turned into resistance. Due to midterm election risk, those wanting to go long SOXX should wait and observe.Source
- SMHneutralshort-termFor those who want to immediately go long the SMH semiconductor ETF, picking up money in front of a steamroller is not easy. Technicals are weak and midterm election risk is ahead, so it is best to wait and observe rather than bottom-fish.Source
- Geopoliticsneutralshort-termIn next week's midterm elections, if each party controls one chamber, it is relatively neutral to even positive for stocks; if there is a sweep, it is a risk-pricing event and a sentiment negative for AI development, so it is best to wait and observe.Source
- AMZNneutralmid-termAmazon, like Google, has rapidly growing AI revenue that beat expectations, but its self-operated business, especially advertising, is slightly weak. Another quarter of Q4 earnings is needed to determine whether the advertising weakness is a trend or incidental.Source
- QQQbullishmid-termQQQ has broken the strong support at 696 and closed at a new low; its technicals are bearish, so any rebound should be treated as a rebound. However, AI is not falsified and the problem is credit, making this a normal pullback. If it falls another 10% to around 610, that is a buying opportunity for QQQ investors, with the 200-day moving average near 678-679 an important observation level.Source
- SPYbullishAs of October 30, 2026, the S&P 500's fundamentals remain solid, and the market pullback is a buying opportunity. Investors should differentiate among stocks, selecting only high-quality credit names whose prices do not exceed their one-year forward valuation upper limit.Source
- TSMbullishlong-termTSMC is one of the host's holdings; if it falls further, he is prepared to add to his position, reflecting a long-term bullish view. Although it fell 10% this month, it only gave back gains since June because he did not take a heavy position at high levels.Source
