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Tactical Buy on 2x Short ETF SSPC ahead of SpaceX Q3 earnings, expecting a pullback after results.

Market News
19 Oct 2026
Seeking Alpha
View Source
Bearish
Tactical Buy on 2x Short ETF SSPC ahead of SpaceX Q3 earnings, expecting a pullback after results.

A short-term tactical Buy is recommended on the Leverage Shares 2x Short SPCX Daily ETF (SSPC) ahead of SpaceX's Q3 earnings report. SpaceX is expected to miss its high revenue target due to contract timing, which along with conservative capital expenditure guidance, may trigger a price pullback. The market will then focus on SpaceX's 2027 capex plans, which could be significantly higher and historically cause negative stock reactions. The analyst targets a 7-8% drop in SpaceX shares post-earnings, translating to about 15% gains in the SSPC ETF, with specific stop loss and target price levels provided.

SpaceX's Q3 earnings and 2027 spending plans provide context for this market snapshot. As of Oct 19, 2026 18:32 WIB, out of 150 priced US stocks tradable on Pluang, 83 rose and 60 fell. Notable movers include Plug Power Inc (PLUG) at USD 1.43 with a 1-day change of +2.14%, Taiwan Semiconductor Mfg. Co. Ltd. (TSM) at USD 420.44 up 1.90%, and BlackBerry Limited (BB) at USD 8.20 with a 1.74% increase.

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