> ## Content Index
> Fetch the complete content index at: https://aitrading67.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Technical analysis: the Fed hikes, bank stocks and oil stocks fall, chip stocks rise with Intel and Marvell
- URL: https://aitrading67.com/en/technical-analysis-fed-bank-stocks-goldman-intel-marvell/
- Published: 2026-09-17T08:00:00.000Z
- Updated: 2026-09-17T05:57:48.000Z
- Description: Wednesday 16 September: the Federal Reserve hikes for the first time since 2023 and Wall Street slips as banks and oil stocks fall. Goldman Sachs and American Express lead financials lower, chip stocks rise with Intel and Marvell, and Milan tops Europe with Prysmian.
- Author: Fabio Gentili
- Tags: Daily technical analysis of the US and Europe stocks market, lang-en, #news, #titolo-nel-corpo

Economic Observatory · The session

# Technical analysis: the Fed hikes, bank stocks and oil stocks fall, chip stocks rise with Intel and Marvell

17 September 2026 AiTrading67 · Trade Desk Observatory Markets 

On Wednesday 16 September the Federal Reserve raised rates by 25 basis points, its first hike since 2023, and press reports describe a tone that leaves room for another increase before year end. Wall Street closed lower, with banks and oil taking the hit, while European markets and Milan in particular moved the other way.

In this edition you will find the **technical analysis** of the names that made the session, with our model's position on each. On **US stocks**: **Goldman Sachs stock** and **American Express stock** lower with the financials, **Occidental stock** and **ConocoPhillips stock** dragged down by crude, and **semiconductor stocks** higher, with **Intel stocks** and **Marvell stock** among the best of the day while software slipped. In Europe Siemens Energy and RWE led a positive session, and on the **Milan market** Prysmian topped the list while Stellantis fell after a broker downgrade. Our **trading strategy** on each name is stated below.

Our model made most of its money on the short side yesterday: Goldman Sachs and American Express among US banks, Stellantis in Milan. Every reading comes from a systematic model, that is **ai trading** applied to about 450 instruments, and they remain references: the choice always belongs to whoever trades.

The news that moved our instruments

On this page

1. [The Federal Reserve hikes](#sez-1-fed)
2. [Wall Street: banks and oil](#sez-2-banche-petrolio)
3. [Milan: Prysmian, Stellantis and Generali](#sez-3-italia)
4. [Chips up, software down](#sez-4-chip-software)
5. [Europe: Siemens Energy and carmakers](#sez-5-europa)
6. [European indices: Milan leads](#sez-6-indici-eu)
7. [The ETFs that moved the session](#sez-7-etf)
8. [The cohort's changes](#sez-8-segnali)
9. [This week's earnings](#sez-9-trimestrali)
10. [Technical analysis of SPY and QQQ](#sez-10-spy-qqq)

🇺🇸

THE FED

The first hike since 2023

## The Federal Reserve lifts rates to 3.75-4.00% and the US market reads a hawkish turn

The Federal Reserve raised its policy rate by **25 basis points**, to 3.75-4.00%, in a unanimous vote. Press reports say the new projections show 16 of 18 members expecting at least one more hike this year, with the ten-year Treasury yield back above **5%** and the two-year up more than 7 basis points. On our data the dollar gained 0.6% and equity volatility rose 3%.

US indices reacted unevenly. [S&P 500](https://aitrading67.com/en/sp-500-etf-signals/)Long, the ETF on the S&P 500, lost **0.44%**, [Russell 2000 ETF](https://aitrading67.com/en/russell-2000-etf-signals/)Short on small caps 0.43%, while [Invesco QQQ Trust](https://aitrading67.com/en/nasdaq-100-etf-signals/)Long on the Nasdaq 100 closed flat, up 0.03%. Among the most rate-sensitive sectors the [US real estate ETF](https://aitrading67.com/en/real-estate-us-etf-signals/)Short fell 0.60% and the [US utilities ETF](https://aitrading67.com/en/utilities-us-etf-signals/)Short finished unchanged.

**How I read it**The gap between the two main indices comes down to weights: financials and energy, the two hardest hit sectors, make up 16.6% of the S&P 500 and less than 1% of the Nasdaq 100\. That was enough to move the signal. On the S&P 500 our weekly buy, active since April, now carries a sell reversal on the candle still forming, triggered by just **0.04%** and to be confirmed on Friday. On small caps we are short since 31 August with 4.08%, on US real estate with 2.55% and on utilities with 5.25%: three positions that tighter monetary policy does not contradict. For **risk management** the week will be settled by Friday's closes.

[S&P 500](https://aitrading67.com/en/sp-500-etf-signals/) **long** ([G](https://aitrading67.com/spy-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/sp-500-etf-signals/ "Full analysis (Platinum)")) · [Invesco QQQ Trust](https://aitrading67.com/en/nasdaq-100-etf-signals/) **long** ([G](https://aitrading67.com/qqq-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/nasdaq-100-etf-signals/ "Full analysis (Platinum)")) · [Russell 2000 ETF](https://aitrading67.com/en/russell-2000-etf-signals/) **short** ([G](https://aitrading67.com/iwm-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/russell-2000-etf-signals/ "Full analysis (Platinum)")) · [US real estate ETF](https://aitrading67.com/en/real-estate-us-etf-signals/) **short** ([G](https://aitrading67.com/xlre-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/real-estate-us-etf-signals/ "Full analysis (Platinum)")) · [US utilities ETF](https://aitrading67.com/en/utilities-us-etf-signals/) **short** ([G](https://aitrading67.com/xlu-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/utilities-us-etf-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

🇺🇸

WALL STREET

Banks and oil take the hit

## Wall Street: Goldman Sachs, American Express and Robinhood stock fall with financials, Occidental and ConocoPhillips with crude

Financials took the most out of the S&P 500\. [Robinhood stock](https://aitrading67.com/en/robinhood-markets-stock-signals/)Long lost **5.46%**, [Coinbase stock](https://aitrading67.com/en/coinbase-global-stock-signals/)Long 4.42%, [Goldman Sachs stock](https://aitrading67.com/en/goldman-sachs-stock-signals/)Short 3.96%, [American Express stock](https://aitrading67.com/en/american-express-stock-signals/)Short 3.70%, [Wells Fargo stock](https://aitrading67.com/en/wells-fargo-stock-signals/)Long 2.98% and [Bank of America stocks](https://aitrading67.com/en/bank-of-america-stock-signals/)Long 2.72%. The declines were milder for [Visa stock](https://aitrading67.com/en/visa-stock-signals/)Long, down 1.25%, and [JPMorgan Chase stock](https://aitrading67.com/en/jpmorgan-chase-stock-signals/)Long, down 1.01%.

Energy fell for a different reason, one that has nothing to do with rates. Press reports cite an industry estimate of a **7.1 million barrel** build in US inventories, with Brent slipping towards 104 dollars from four-month highs; on our data crude lost 3.2%. [Occidental stock](https://aitrading67.com/en/occidental-petroleum-stock-signals/)Long dropped **6.55%**, [ConocoPhillips stocks](https://aitrading67.com/en/conocophillips-stock-signals/)Long 6.15%, [Exxon stock](https://aitrading67.com/en/exxon-mobil-stock-signals/)Long 3.54% and [Chevron stock](https://aitrading67.com/en/chevron-stock-signals/)Long 2.86%.

**How I read it**On financials the short positions did their job: we are **short Goldman Sachs since 31 August** with 9.69% and short American Express since 20 July with 4.21%, and the session widened both margins. On the large commercial banks we stay long, with JPMorgan Chase up **12.60%** since April, Visa 13.08% and Wells Fargo 6.24%, while Bank of America stock carries a sell reversal on the candle still forming. The energy positions are old ones and remain in profit even after a day like this: ConocoPhillips up **15.54%** since 13 July, Chevron 12.89%, Occidental 8.20%, Exxon 4.07%. On Occidental and ConocoPhillips the drop exceeded twice the typical daily range and flipped the daily signal: the weekly holds, the short term does not.

[Robinhood Markets](https://aitrading67.com/en/robinhood-markets-stock-signals/) **long** ([G](https://aitrading67.com/hood-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/robinhood-markets-stock-signals/ "Full analysis (Platinum)")) · [Coinbase Global](https://aitrading67.com/en/coinbase-global-stock-signals/) **long** ([G](https://aitrading67.com/coin-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/coinbase-global-stock-signals/ "Full analysis (Platinum)")) · [Goldman Sachs](https://aitrading67.com/en/goldman-sachs-stock-signals/) **short** ([G](https://aitrading67.com/gs-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/goldman-sachs-stock-signals/ "Full analysis (Platinum)")) · [American Express](https://aitrading67.com/en/american-express-stock-signals/) **short** ([G](https://aitrading67.com/axp-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/american-express-stock-signals/ "Full analysis (Platinum)")) · [Wells Fargo](https://aitrading67.com/en/wells-fargo-stock-signals/) **long** ([G](https://aitrading67.com/wfc-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/wells-fargo-stock-signals/ "Full analysis (Platinum)")) · [Bank of America](https://aitrading67.com/en/bank-of-america-stock-signals/) **long** ([G](https://aitrading67.com/bac-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/bank-of-america-stock-signals/ "Full analysis (Platinum)")) · [Visa](https://aitrading67.com/en/visa-stock-signals/) **long** ([G](https://aitrading67.com/v-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/visa-stock-signals/ "Full analysis (Platinum)")) · [JPMorgan Chase](https://aitrading67.com/en/jpmorgan-chase-stock-signals/) **long** ([G](https://aitrading67.com/jpm-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/jpmorgan-chase-stock-signals/ "Full analysis (Platinum)")) · [Occidental Petroleum](https://aitrading67.com/en/occidental-petroleum-stock-signals/) **long** ([G](https://aitrading67.com/oxy-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/occidental-petroleum-stock-signals/ "Full analysis (Platinum)")) · [ConocoPhillips](https://aitrading67.com/en/conocophillips-stock-signals/) **long** ([G](https://aitrading67.com/cop-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/conocophillips-stock-signals/ "Full analysis (Platinum)")) · [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/) **long** ([G](https://aitrading67.com/xom-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/exxon-mobil-stock-signals/ "Full analysis (Platinum)")) · [Chevron](https://aitrading67.com/en/chevron-stock-signals/) **long** ([G](https://aitrading67.com/cvx-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/chevron-stock-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

🇮🇹

ITALY

Milan

## Italian market: Prysmian stock leads, Enel and utilities rise, Stellantis stock falls after a downgrade, Intesa cleared on its Generali stakes

Press reports put the Milan index up **0.8%**, with the Italian-German bond spread narrowing to 86 basis points. On our data [Prysmian stock](https://aitrading67.com/en/prysmian-stock-signals/)Short was the best performer, up **3.38%**, followed by [Lottomatica](https://aitrading67.com/en/lottomatica-stock-signals/)Long, up 2.76%. Utilities rose together: [Italgas](https://aitrading67.com/en/italgas-stock-signals/)Short up 2.42%, [A2A](https://aitrading67.com/en/a2a-stock-signals/)Long up 2.04%, [Enel stock](https://aitrading67.com/en/enel-stock-signals/)Short up **1.80%**, [Hera](https://aitrading67.com/en/hera-stock-signals/)Short up 1.73%. Also higher were [STMicroelectronics stock](https://aitrading67.com/en/stmicroelectronics-stock-signals/)Short, up 2.02%, [Ferrari stock](https://aitrading67.com/en/ferrari-stock-signals/)Long, up 1.20%, and [Leonardo stock](https://aitrading67.com/en/leonardo-stock-signals/)Short, up 1.06%.

Two corporate stories. [Stellantis stock](https://aitrading67.com/en/stellantis-milano-stock-signals/)Short lost **3.33%**, the worst on the market, after Berenberg cut its rating to hold and, according to press reports, its price target from 7.8 to 5.1 euros. [MFE-MediaForEurope](https://aitrading67.com/en/mfe-mediaforeurope-stock-signals/)Short fell 2.64% after half-year results: revenue of 2.95 billion euros against 3.14 billion pro forma a year earlier, with adjusted net profit up to 50.5 million. And the offer for Monte dei Paschi cleared its first hurdle: the Italian insurance supervisor authorised Intesa Sanpaolo to acquire the indirect stakes in Generali and in the Monte dei Paschi insurance joint ventures. [Intesa Sanpaolo stock](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/)Long gained 0.60%, [Generali](https://aitrading67.com/en/assicurazioni-generali-stock-signals/)Long 0.55%, while [Monte dei Paschi stock](https://aitrading67.com/en/monte-dei-paschi-stock-signals/)Long slipped 0.14%. Other banks moved little, with [Mediobanca](https://aitrading67.com/en/mediobanca-stock-signals/)Long up 0.42% and [UniCredit stock](https://aitrading67.com/en/unicredit-stock-signals/)Long up 0.41%; [Eni stock](https://aitrading67.com/en/eni-stock-signals/)Long fell 0.80% with crude and [Nexi](https://aitrading67.com/en/nexi-stock-signals/)Long 1.30%.

**How I read it**The two negative stories of the day rewarded our model: we are **short Stellantis since 8 June** with 26.38% and short MFE-MediaForEurope since 6 July with 12.82%. On banks and insurers we remain long from April with wide gains: Mediobanca **37.83%**, Monte dei Paschi 28.72%, Generali 27.80%, Intesa Sanpaolo 19.11%, UniCredit 15.47%, plus Ferrari at 16.33%. On utilities and Prysmian the session went against our short positions, which remain in profit: Italgas 15.64%, Prysmian 9.51%, Enel 6.29%. We are also short STMicroelectronics, up 20.76% since 13 July. For **swing trading** on the Italian market the day made one point: Milan moved on its own drivers rather than on the cost of US money.

[Prysmian](https://aitrading67.com/en/prysmian-stock-signals/) **short** ([G](https://aitrading67.com/pry-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/prysmian-stock-signals/ "Full analysis (Platinum)")) · [Lottomatica](https://aitrading67.com/en/lottomatica-stock-signals/) **long** ([G](https://aitrading67.com/ltmc-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/lottomatica-stock-signals/ "Full analysis (Platinum)")) · [Italgas](https://aitrading67.com/en/italgas-stock-signals/) **short** ([G](https://aitrading67.com/ig-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/italgas-stock-signals/ "Full analysis (Platinum)")) · [A2A](https://aitrading67.com/en/a2a-stock-signals/) **long** ([G](https://aitrading67.com/a2a-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/a2a-stock-signals/ "Full analysis (Platinum)")) · [Enel](https://aitrading67.com/en/enel-stock-signals/) **short** ([G](https://aitrading67.com/enel-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/enel-stock-signals/ "Full analysis (Platinum)")) · [Hera](https://aitrading67.com/en/hera-stock-signals/) **short** ([G](https://aitrading67.com/her-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/hera-stock-signals/ "Full analysis (Platinum)")) · [STMicroelectronics](https://aitrading67.com/en/stmicroelectronics-stock-signals/) **short** ([G](https://aitrading67.com/stmmi-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/stmicroelectronics-stock-signals/ "Full analysis (Platinum)")) · [Ferrari](https://aitrading67.com/en/ferrari-stock-signals/) **long** ([G](https://aitrading67.com/race-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/ferrari-stock-signals/ "Full analysis (Platinum)")) · [Leonardo](https://aitrading67.com/en/leonardo-stock-signals/) **short** ([G](https://aitrading67.com/ldo-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/leonardo-stock-signals/ "Full analysis (Platinum)")) · [Stellantis Milano](https://aitrading67.com/en/stellantis-milano-stock-signals/) **short** ([G](https://aitrading67.com/stlam-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/stellantis-milano-stock-signals/ "Full analysis (Platinum)")) · [MFE-MediaForEurope](https://aitrading67.com/en/mfe-mediaforeurope-stock-signals/) **short** ([G](https://aitrading67.com/mfea-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/mfe-mediaforeurope-stock-signals/ "Full analysis (Platinum)")) · [Intesa Sanpaolo](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/) **long** ([G](https://aitrading67.com/isp-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/ "Full analysis (Platinum)")) · [Assicurazioni Generali](https://aitrading67.com/en/assicurazioni-generali-stock-signals/) **long** ([G](https://aitrading67.com/g-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/assicurazioni-generali-stock-signals/ "Full analysis (Platinum)")) · [Monte dei Paschi](https://aitrading67.com/en/monte-dei-paschi-stock-signals/) **long** ([G](https://aitrading67.com/bmps-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/monte-dei-paschi-stock-signals/ "Full analysis (Platinum)")) · [Mediobanca](https://aitrading67.com/en/mediobanca-stock-signals/) **long** ([G](https://aitrading67.com/mb-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/mediobanca-stock-signals/ "Full analysis (Platinum)")) · [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/) **long** ([G](https://aitrading67.com/ucg-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/unicredit-stock-signals/ "Full analysis (Platinum)")) · [Eni](https://aitrading67.com/en/eni-stock-signals/) **long** ([G](https://aitrading67.com/eni-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/eni-stock-signals/ "Full analysis (Platinum)")) · [Nexi](https://aitrading67.com/en/nexi-stock-signals/) **long** ([G](https://aitrading67.com/nexi-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/nexi-stock-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

🇺🇸

TECHNOLOGY

Chips up, software down

## Semiconductor stocks hold up the Nasdaq with Intel, Marvell and Arista while software slides with Intuit, Adobe and Salesforce

US technology split in two. Semiconductors and computing infrastructure rose: [Intel stock](https://aitrading67.com/en/intel-stock-signals/)Short up **4.03%**, [Applied Digital stock](https://aitrading67.com/en/applied-digital-stock-signals/)Short up 4.14%, [Marvell stocks](https://aitrading67.com/en/marvell-technology-stock-signals/)Long up 3.61%, [Arista Networks stock](https://aitrading67.com/en/arista-networks-stock-signals/)Long up 2.44%, [AMD stock](https://aitrading67.com/en/advanced-micro-devices-stock-signals/)Short up 1.65% and [Nvidia stock](https://aitrading67.com/en/nvidia-stock-signals/)Long up 0.82%, with [Qualcomm stock](https://aitrading67.com/en/qualcomm-stock-signals/)Long bucking the move at minus 1.58%. Application software went the other way: [Intuit stock](https://aitrading67.com/en/intuit-stock-signals/)Long down **3.38%**, [Adobe stock](https://aitrading67.com/en/adobe-stock-signals/)Short down 2.82%, [Salesforce stock](https://aitrading67.com/en/salesforce-stock-signals/)Long down 2.00%, [ServiceNow stock](https://aitrading67.com/en/servicenow-stock-signals/)Long down 1.47% and [Microsoft stocks](https://aitrading67.com/en/microsoft-stock-signals/)Long down 1.37%.

The most telling case sits outside the large names. [Blaize stock](https://aitrading67.com/en/blaize-stock-signals/)Short gained **9.19%** on volume 3.2 times its median, and 84.5% of that volume was classified as selling: the price rose while most of the trading was heading for the exit. At the other end [First Solar stock](https://aitrading67.com/en/first-solar-stock-signals/)Short lost 5.57%.

**How I read it**Our model holds positions built over time here, and most of them carry wide gains: long [Snowflake stock](https://aitrading67.com/en/snowflake-stock-signals/)Long since 18 May with **92.23%**, Salesforce with 36.15%, Arista with 16.43% and ServiceNow with 11.96%. On the short side **Blaize** is up 55.09% since May, Applied Digital 26.23% and [Arm stock](https://aitrading67.com/en/arm-stock-signals/)Short 22.61%: the **price action** on Blaize, a rally made of volume heading out, fits our reading. Yesterday's chip rebound worked against the shorts on Intel and AMD.

[Intel](https://aitrading67.com/en/intel-stock-signals/) **short** ([G](https://aitrading67.com/intc-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/intel-stock-signals/ "Full analysis (Platinum)")) · [Applied Digital](https://aitrading67.com/en/applied-digital-stock-signals/) **short** ([G](https://aitrading67.com/apld-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/applied-digital-stock-signals/ "Full analysis (Platinum)")) · [Marvell Technology](https://aitrading67.com/en/marvell-technology-stock-signals/) **long** ([G](https://aitrading67.com/mrvl-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/marvell-technology-stock-signals/ "Full analysis (Platinum)")) · [Arista Networks](https://aitrading67.com/en/arista-networks-stock-signals/) **long** ([G](https://aitrading67.com/anet-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/arista-networks-stock-signals/ "Full analysis (Platinum)")) · [Advanced Micro Devices](https://aitrading67.com/en/advanced-micro-devices-stock-signals/) **short** ([G](https://aitrading67.com/amd-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/advanced-micro-devices-stock-signals/ "Full analysis (Platinum)")) · [NVIDIA](https://aitrading67.com/en/nvidia-stock-signals/) **long** ([G](https://aitrading67.com/nvda-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/nvidia-stock-signals/ "Full analysis (Platinum)")) · [QUALCOMM](https://aitrading67.com/en/qualcomm-stock-signals/) **long** ([G](https://aitrading67.com/qcom-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/qualcomm-stock-signals/ "Full analysis (Platinum)")) · [Intuit](https://aitrading67.com/en/intuit-stock-signals/) **long** ([G](https://aitrading67.com/intu-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/intuit-stock-signals/ "Full analysis (Platinum)")) · [Adobe](https://aitrading67.com/en/adobe-stock-signals/) **short** ([G](https://aitrading67.com/adbe-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/adobe-stock-signals/ "Full analysis (Platinum)")) · [Salesforce](https://aitrading67.com/en/salesforce-stock-signals/) **long** ([G](https://aitrading67.com/crm-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/salesforce-stock-signals/ "Full analysis (Platinum)")) · [ServiceNow](https://aitrading67.com/en/servicenow-stock-signals/) **long** ([G](https://aitrading67.com/now-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/servicenow-stock-signals/ "Full analysis (Platinum)")) · [Microsoft](https://aitrading67.com/en/microsoft-stock-signals/) **long** ([G](https://aitrading67.com/msft-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/microsoft-stock-signals/ "Full analysis (Platinum)")) · [Blaize](https://aitrading67.com/en/blaize-stock-signals/) **short** ([G](https://aitrading67.com/bzai-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/blaize-stock-signals/ "Full analysis (Platinum)")) · [First Solar](https://aitrading67.com/en/first-solar-stock-signals/) **short** ([G](https://aitrading67.com/fslr-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/first-solar-stock-signals/ "Full analysis (Platinum)")) · [Snowflake](https://aitrading67.com/en/snowflake-stock-signals/) **long** ([G](https://aitrading67.com/snow-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/snowflake-stock-signals/ "Full analysis (Platinum)")) · [ARM](https://aitrading67.com/en/arm-stock-signals/) **short** ([G](https://aitrading67.com/arm-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/arm-stock-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

🇪🇺

EUROPE

Frankfurt, Paris and London

## Europe: Siemens Energy and RWE lead the rally, banks and luxury rebound, German carmakers lag

The continent closed higher, untouched by a US decision that came after European markets had shut. On our data [Siemens Energy stock](https://aitrading67.com/en/siemens-energy-stock-signals/)Short gained **3.10%**, [RWE stock](https://aitrading67.com/en/rwe-stock-signals/)Long 2.81%, [National Grid](https://aitrading67.com/en/national-grid-stock-signals/)Short 2.16% and [Adidas stock](https://aitrading67.com/en/adidas-stock-signals/)Short 1.94%; [Infineon stock](https://aitrading67.com/en/infineon-technologies-stock-signals/)Short 1.23% and [Siemens stock](https://aitrading67.com/en/siemens-stock-signals/)Short 0.66%. Banks bounced, with [Societe Generale](https://aitrading67.com/en/societe-generale-stock-signals/)Short up 1.25%, [Barclays stock](https://aitrading67.com/en/barclays-stock-signals/)Short up 1.07%, [BNP Paribas](https://aitrading67.com/en/bnp-paribas-stock-signals/)Short up 1.01% and [Deutsche Bank stock](https://aitrading67.com/en/deutsche-bank-stock-signals/)Long up 0.87%, and so did luxury, with [LVMH stock](https://aitrading67.com/en/lvmh-moet-hennessy-louis-vuitton-stock-signals/)Short up 1.11% and [EssilorLuxottica](https://aitrading67.com/en/essilorluxottica-stock-signals/)Short up 0.48%.

German carmakers trailed, with [Volkswagen stock](https://aitrading67.com/en/volkswagen-ag-pref-stock-signals/)Long down **2.64%** and [Mercedes-Benz stock](https://aitrading67.com/en/mercedes-benz-stock-signals/)Long down 2.57%, along with software, where [Capgemini](https://aitrading67.com/en/capgemini-stock-signals/)Long lost 2.81% and [SAP stock](https://aitrading67.com/en/sap-stock-signals/)Long 0.28%. [Shell stock](https://aitrading67.com/en/shell-stock-signals/)Long fell 2.08% with crude.

**How I read it**Our long-running shorts on the continent remain deep in profit even after a rebound: **EssilorLuxottica since last December** is up 48.56%, Infineon 13.60%, Siemens Energy 13.23%, LVMH 10.99%, Adidas 9.25%. On the long side [Allianz stock](https://aitrading67.com/en/allianz-stock-signals/)Long is up **19.06%** and has just turned its daily signal to buy as well, SAP 18.32%, Deutsche Bank 16.33%, Shell 10.52%. On German carmakers we have been long for only a few weeks and the session weighed on them: they are the first two names on the continent to check.

[Siemens Energy](https://aitrading67.com/en/siemens-energy-stock-signals/) **short** ([G](https://aitrading67.com/enr-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/siemens-energy-stock-signals/ "Full analysis (Platinum)")) · [RWE](https://aitrading67.com/en/rwe-stock-signals/) **long** ([G](https://aitrading67.com/rwe-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/rwe-stock-signals/ "Full analysis (Platinum)")) · [National Grid](https://aitrading67.com/en/national-grid-stock-signals/) **short** ([G](https://aitrading67.com/ng-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/national-grid-stock-signals/ "Full analysis (Platinum)")) · [adidas](https://aitrading67.com/en/adidas-stock-signals/) **short** ([G](https://aitrading67.com/ads-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/adidas-stock-signals/ "Full analysis (Platinum)")) · [Infineon Technologies](https://aitrading67.com/en/infineon-technologies-stock-signals/) **short** ([G](https://aitrading67.com/ifx-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/infineon-technologies-stock-signals/ "Full analysis (Platinum)")) · [Siemens](https://aitrading67.com/en/siemens-stock-signals/) **short** ([G](https://aitrading67.com/sie-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/siemens-stock-signals/ "Full analysis (Platinum)")) · [Societe Generale](https://aitrading67.com/en/societe-generale-stock-signals/) **short** ([G](https://aitrading67.com/gle-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/societe-generale-stock-signals/ "Full analysis (Platinum)")) · [Barclays](https://aitrading67.com/en/barclays-stock-signals/) **short** ([G](https://aitrading67.com/barc-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/barclays-stock-signals/ "Full analysis (Platinum)")) · [BNP Paribas](https://aitrading67.com/en/bnp-paribas-stock-signals/) **short** ([G](https://aitrading67.com/bnp-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/bnp-paribas-stock-signals/ "Full analysis (Platinum)")) · [Deutsche Bank](https://aitrading67.com/en/deutsche-bank-stock-signals/) **long** ([G](https://aitrading67.com/dbk-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/deutsche-bank-stock-signals/ "Full analysis (Platinum)")) · [LVMH](https://aitrading67.com/en/lvmh-moet-hennessy-louis-vuitton-stock-signals/) **short** ([G](https://aitrading67.com/mc-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/lvmh-moet-hennessy-louis-vuitton-stock-signals/ "Full analysis (Platinum)")) · [EssilorLuxottica](https://aitrading67.com/en/essilorluxottica-stock-signals/) **short** ([G](https://aitrading67.com/el-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/essilorluxottica-stock-signals/ "Full analysis (Platinum)")) · [Volkswagen AG Pref](https://aitrading67.com/en/volkswagen-ag-pref-stock-signals/) **long** ([G](https://aitrading67.com/vow3-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/volkswagen-ag-pref-stock-signals/ "Full analysis (Platinum)")) · [Mercedes-Benz](https://aitrading67.com/en/mercedes-benz-stock-signals/) **long** ([G](https://aitrading67.com/mbg-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/mercedes-benz-stock-signals/ "Full analysis (Platinum)")) · [Capgemini](https://aitrading67.com/en/capgemini-stock-signals/) **long** ([G](https://aitrading67.com/cap-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/capgemini-stock-signals/ "Full analysis (Platinum)")) · [SAP](https://aitrading67.com/en/sap-stock-signals/) **long** ([G](https://aitrading67.com/sap-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/sap-stock-signals/ "Full analysis (Platinum)")) · [Shell](https://aitrading67.com/en/shell-stock-signals/) **long** ([G](https://aitrading67.com/shel-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/shell-stock-signals/ "Full analysis (Platinum)")) · [Allianz](https://aitrading67.com/en/allianz-stock-signals/) **long** ([G](https://aitrading67.com/alv-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/allianz-stock-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

📈

INDICES

The four European baskets

## European indices: Milan leads the day, Frankfurt's forming reversal sits one point from being withdrawn

On Wednesday [FTSE MIB ETF](https://aitrading67.com/en/ftse-mib-etf-signals/)Short, the ETF on the FTSE MIB, gained **0.85%**, [CAC 40 ETF](https://aitrading67.com/en/cac-40-etf-signals/)Short 0.66%, [DAX ETF](https://aitrading67.com/en/dax-etf-signals/)Long 0.56% and [FTSE 100 ETF](https://aitrading67.com/en/ftse-100-etf-signals/)Long on the FTSE 100 0.19%. Four gains, with the Italian market in front.

On the weekly structure the four baskets remain split. Milan has been on a sell since the week ended 4 September, with the typical price of the week in formation **2.95%** below the level: the rebound has trimmed the signal's gain to 0.23%. Paris has been on a sell since 24 August, 2.66% below its level, with a 3.09% gain. London stays on a buy from April, 0.43% above. Frankfurt, on a buy from April, carries a sell reversal on the candle still forming: measured against the level it was triggered from, the typical price sits **0.99%** below.

**How I read it**From today we measure forming reversals against the level they were triggered from, which is the distance needed to withdraw them: earlier editions measured Frankfurt against the new, more distant level. Read this way, the German basket is one point away from cancelling its sell, and it can still do so on Friday. Milan is the opposite case: its sell signal has already reached the first target and is working with margin, although another session like this one would bring it back to breakeven. The **Signal Strength**, which measures the conviction of a move and never its safety, stands at 9 out of 100 on the Italian basket.

[FTSE MIB ETF](https://aitrading67.com/en/ftse-mib-etf-signals/) **short** ([G](https://aitrading67.com/mib-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/ftse-mib-etf-signals/ "Full analysis (Platinum)")) · [CAC 40 ETF](https://aitrading67.com/en/cac-40-etf-signals/) **short** ([G](https://aitrading67.com/cac-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/cac-40-etf-signals/ "Full analysis (Platinum)")) · [DAX ETF](https://aitrading67.com/en/dax-etf-signals/) **long** ([G](https://aitrading67.com/dax-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/dax-etf-signals/ "Full analysis (Platinum)")) · [FTSE 100 ETF](https://aitrading67.com/en/ftse-100-etf-signals/) **long** ([G](https://aitrading67.com/isf-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/ftse-100-etf-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

📊

INSTRUMENTS

The baskets of the session

## The ETFs that moved the session: the energy ETF, the Vanguard energy ETF, the financials ETF, the semiconductor ETF, the gold ETF and the European utilities ETF

[XLE](https://aitrading67.com/en/energy-us-etf-signals/) — the Energy Select Sector SPDR, that is the **energy ETF** — lost **2.88%**, last of eleven sectors, and [VDE](https://aitrading67.com/en/vde-energy-us-etf-signals/) — Vanguard Energy, the **Vanguard energy ETF** — 2.94%. [XLF](https://aitrading67.com/en/financials-us-etf-signals/) — the Financial Select Sector SPDR, the **financials ETF** — shed 1.62% on rate decision day.

[SOXX](https://aitrading67.com/en/semiconductors-etf-signals/) — iShares Semiconductor, the **semiconductor ETF** — gained 0.64%. [GLD](https://aitrading67.com/en/gold-etf-signals/) — SPDR Gold Shares, the most traded **gold ETF** in the world — lost 0.61% as the dollar firmed. In Europe [EXH9](https://aitrading67.com/en/utilities-europe-etf-signals/) — iShares STOXX Europe 600 Utilities, the **European utilities ETF** — topped the grid with **1.77%**.

**How I read it**On energy we are **long since 13 July** with 11.01% on the sector fund and 10.68% on the Vanguard one: the day took about three points away and the weekly trend is intact. On semiconductors we are short since 13 July with 3.78%. On US financials and on gold, both on a weekly buy, the forming candle carries a sell reversal, 0.39% and 0.45% below the level it was triggered from: two borderline cases to reread on Friday. On European utilities we are short with 1.99%, and yesterday's rally narrowed the margin.

[US energy ETF](https://aitrading67.com/en/energy-us-etf-signals/) **long** ([G](https://aitrading67.com/xle-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/energy-us-etf-signals/ "Full analysis (Platinum)")) · [Vanguard US energy ETF](https://aitrading67.com/en/vde-energy-us-etf-signals/) **long** ([G](https://aitrading67.com/vde-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/vde-energy-us-etf-signals/ "Full analysis (Platinum)")) · [US financials ETF](https://aitrading67.com/en/financials-us-etf-signals/) **long** ([G](https://aitrading67.com/xlf-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/financials-us-etf-signals/ "Full analysis (Platinum)")) · [semiconductor ETF](https://aitrading67.com/en/semiconductors-etf-signals/) **short** ([G](https://aitrading67.com/soxx-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/semiconductors-etf-signals/ "Full analysis (Platinum)")) · [gold ETF](https://aitrading67.com/en/gold-etf-signals/) **long** ([G](https://aitrading67.com/gld-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/gold-etf-signals/ "Full analysis (Platinum)")) · [European utilities ETF](https://aitrading67.com/en/utilities-europe-etf-signals/) **short** ([G](https://aitrading67.com/exh9-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/utilities-europe-etf-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

📈

OUR MODEL

The 11 September cohort

## The new buy signals: four names back above entry

The weekly cohort was born at Friday 11 September's close: **15** new buy signals, **10** tradable. From Tuesday to Friday this card publishes only what changes — who crosses above or below their entry level, who flips side on the daily signal, who reports earnings, who leaves the cohort.

Yesterday brought four changes, all in the same direction: [Lottomatica](https://aitrading67.com/en/lottomatica-stock-signals/)Long, [Tenaris stock](https://aitrading67.com/en/tenaris-stock-signals/)Long, [Sabesp](https://aitrading67.com/en/sabesp-stock-signals/)Long and the European telecoms ETF [EXV2](https://aitrading67.com/en/telecoms-europe-etf-signals/)Long moved back above their own entry levels. Nobody flipped side on the daily signal, which stays a sell on [Nokia stock](https://aitrading67.com/en/nokia-stock-signals/)Long, [Legrand](https://aitrading67.com/en/legrand-stock-signals/)Long, [Micron stock](https://aitrading67.com/en/micron-technology-stock-signals/)Long and [Taiwan Semiconductor stock](https://aitrading67.com/en/taiwan-semiconductor-manufacturing-stock-signals/)Long, and none of the fifteen reports earnings in the next seven days.

Instrument

Signal of the day

Weekly confirmed

My reading

🇮🇹 [LTMC](https://aitrading67.com/en/lottomatica-stock-signals/)Long

Lottomatica

BUY

11 September

buy confirmed

week ended 11/09

Up 2.76% yesterday: back above its own entry level, now 0.95% above the signal.

🇮🇹 [TEN](https://aitrading67.com/en/tenaris-stock-signals/)Long

Tenaris

BUY

11 September

buy confirmed

week ended 11/09

Up 1.02% while energy fell: it crosses above entry, now 0.20% above the signal.

🇧🇷 [SBSP3](https://aitrading67.com/en/sabesp-stock-signals/)Long

Sabesp

BUY

11 September

buy confirmed

week ended 11/09

Edges back above its own entry level: 0.18% above the signal.

🇩🇪 [EXV2](https://aitrading67.com/en/telecoms-europe-etf-signals/)Long

European telecoms ETF

BUY

11 September

buy confirmed

week ended 11/09

The European telecoms basket rises 0.43% and moves back above entry, now 0.28% up.

**How I read it**On a day when Wall Street fell, the cohort improved: three of the four names back above entry are European or Brazilian, and they benefited from a session that was positive outside the United States. Tenaris did it against its own sector, on a day when crude lost 3.2%. The weekly signal is judged on Friday's close, and for **swing trading** on a cohort in its third session the rule is still to scale in.

[Lottomatica](https://aitrading67.com/en/lottomatica-stock-signals/) **long** ([G](https://aitrading67.com/ltmc-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/lottomatica-stock-signals/ "Full analysis (Platinum)")) · [Tenaris](https://aitrading67.com/en/tenaris-stock-signals/) **long** ([G](https://aitrading67.com/ten-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/tenaris-stock-signals/ "Full analysis (Platinum)")) · [Sabesp](https://aitrading67.com/en/sabesp-stock-signals/) **long** ([G](https://aitrading67.com/sbsp3-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/sabesp-stock-signals/ "Full analysis (Platinum)")) · [European telecoms ETF](https://aitrading67.com/en/telecoms-europe-etf-signals/) **long** ([G](https://aitrading67.com/exv2-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/telecoms-europe-etf-signals/ "Full analysis (Platinum)")) · [Nokia](https://aitrading67.com/en/nokia-stock-signals/) **long** ([G](https://aitrading67.com/nok-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/nokia-stock-signals/ "Full analysis (Platinum)")) · [Legrand](https://aitrading67.com/en/legrand-stock-signals/) **long** ([G](https://aitrading67.com/lr-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/legrand-stock-signals/ "Full analysis (Platinum)")) · [Micron Technology](https://aitrading67.com/en/micron-technology-stock-signals/) **long** ([G](https://aitrading67.com/mu-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/micron-technology-stock-signals/ "Full analysis (Platinum)")) · [TSMC](https://aitrading67.com/en/taiwan-semiconductor-manufacturing-stock-signals/) **long** ([G](https://aitrading67.com/tsm-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/taiwan-semiconductor-manufacturing-stock-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

📅

CALENDAR

Earnings in the next seven days

## This week's earnings: Carnival and FedEx today, Costco next Thursday

Three companies in our universe report between now and next week, the first two today.

**Thursday 17 September**

[Carnival](https://aitrading67.com/en/carnival-stock-signals/) Short

[FedEx](https://aitrading67.com/en/fedex-stock-signals/) Long

**Thursday 24 September**

[Costco Wholesale](https://aitrading67.com/en/costco-wholesale-stock-signals/) Short

**How I read it**On [Carnival stock](https://aitrading67.com/en/carnival-stock-signals/) our model is short since 17 August with **13.14%**, and reaches the numbers with a gain to protect. On [FedEx stock](https://aitrading67.com/en/fedex-stock-signals/), long since August, the weekly candle carries a forming sell reversal, 2.40% below the level it was triggered from: today's report lands right in the middle of Friday's decision. On [Costco stock](https://aitrading67.com/en/costco-wholesale-stock-signals/) we are short since 26 May with 6.54%. The way we treat earnings is measured: results **do not shift average returns**, they widen dispersion, and they are a reason to size smaller.

[Carnival](https://aitrading67.com/en/carnival-stock-signals/) **short** ([G](https://aitrading67.com/ccl-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/carnival-stock-signals/ "Full analysis (Platinum)")) · [FedEx](https://aitrading67.com/en/fedex-stock-signals/) **long** ([G](https://aitrading67.com/fdx-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/fedex-stock-signals/ "Full analysis (Platinum)")) · [Costco Wholesale](https://aitrading67.com/en/costco-wholesale-stock-signals/) **short** ([G](https://aitrading67.com/cost-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/costco-wholesale-stock-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

📈

UNITED STATES

The two American baskets

## Technical analysis of SPY and QQQ: SPY flips to a forming sell by 0.04%, QQQ defends its level

SPY, the ETF on the S&P 500 [S&P 500](https://aitrading67.com/en/sp-500-etf-signals/)Long, closed Wednesday down **0.44%**; QQQ, the ETF on the Nasdaq 100 [Invesco QQQ Trust](https://aitrading67.com/en/nasdaq-100-etf-signals/)Long, up 0.03%. Applying sector moves to each basket's weights, SPY should have lost 0.49% and QQQ 0.25%: the tech basket beat its sectors by 28 hundredths of a point, thanks to semiconductors.

On the weekly the two baskets parted ways. On SPY the typical price of the week in formation slipped **0.04%** below the level of the uptrend opened on 6 April, and the signal on the current candle turned to sell: provisional, borderline, to be confirmed on Friday. SPY is in its twenty-third week, with every profit taking window reached and a gain of about 11%. QQQ touched an intraday low of 700.00, 34 cents below its own weekly Inversion Point, and closed with the typical price of the week **0.79%** above: the buy signal born on 10 August holds.

**How I read it**The same news produced two opposite outcomes for a reason of composition: financials, down 1.62%, weigh 12.59% of the S&P 500 and 0.24% of the Nasdaq 100; energy, down 2.88%, 4.02% against 0.66%. On the S&P 500 we are defending a trade built since April with **Signal Strength** at 7 out of 100 and no targets ahead: if the week closes below the level on Friday, the cycle ends with the gain already made. On QQQ there is one level to watch, 700.34\. **Risk management** on these two instruments today comes down to two numbers rather than forecasts.

[S&P 500](https://aitrading67.com/en/sp-500-etf-signals/) **long** ([G](https://aitrading67.com/spy-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/sp-500-etf-signals/ "Full analysis (Platinum)")) · [Invesco QQQ Trust](https://aitrading67.com/en/nasdaq-100-etf-signals/) **long** ([G](https://aitrading67.com/qqq-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/nasdaq-100-etf-signals/ "Full analysis (Platinum)")) · [Russell 2000 ETF](https://aitrading67.com/en/russell-2000-etf-signals/) **short** ([G](https://aitrading67.com/iwm-en/ "Instrument page (Gold)") / [P](https://aitrading67.com/en/russell-2000-etf-signals/ "Full analysis (Platinum)")) [\*](#nota-sistema "Our system")

[↑ back to menu](#toc) 

---

The desk's take

## The bigger picture: after the Federal Reserve

The Federal Reserve delivered what the market expected, and its tone added another hike to year-end expectations. The reaction hit the US market where banks and energy weigh most, while Europe, closed before the statement, and Milan in particular had a positive session on their own drivers: utilities, grids and semiconductors. The signal that matters most for the coming days sits on the S&P 500, which flipped to a sell on the forming candle by 0.04%, and Friday's close will tell whether the cycle that began in April ends here. The underlying problem has not changed in five weeks: participation in the rally keeps narrowing, and yesterday it fell another 6.3%.

**What you find here.** If you are trying to understand **how to manage risk in trading** — stops, break-even stops, trailing, and the declaration of stops that have been taken out — or **how to read chart patterns** (double bottoms, Bollinger bands, the Ichimoku cloud, price action trading), this is the desk's **trading journal**: published every morning before the US premarket, with our model's position on every instrument mentioned.

Previous editions

[16 September 2026Technical analysis: oil stocks rally as crude tops 107 dollars, Circle and Coinbase stock sink before the Fed, and the ten-year yield hits 5%](https://aitrading67.com/en/technical-analysis-oil-stocks-conocophillips-coinbase-qualcomm/)[15 September 2026Technical analysis: semiconductor stocks sink and CrowdStrike stock soars on the call to slow down AI, with oil back above 100 dollars](https://aitrading67.com/en/technical-analysis-semiconductor-stocks-crowdstrike-nvidia-oracle/)[13 September 2026Technical analysis of the week: Oracle stock gives back its jump, Dell stock hits a record and Wall Street heads into Fed week](https://aitrading67.com/en/technical-analysis-week-oracle-dell-stock-fed/)[11 September 2026Technical analysis: the ECB hikes, semiconductor stocks pay for higher yields and Oracle stock jumps after hours](https://aitrading67.com/en/technical-analysis-ecb-oracle-apple-nvidia-stock/)[10 September 2026Technical analysis: why the stock market is down today, one green sector out of twenty, Eni stock rises as defence collapses](https://aitrading67.com/en/technical-analysis-why-stock-market-down-apple-meta-stock/)[9 September 2026Technical analysis: the FTSE MIB turns to sell after 21 weeks, energy leads, US healthcare collapses](https://aitrading67.com/en/technical-analysis-ftse-mib-amgen-baidu-intel-stocks/)[View all editions on the tag page →](https://aitrading67.com/tag/daily%5Freport/)

The desk's other reports

The full analyses behind the cards on this page.

[→Weekly markets report](https://aitrading67.com/en/weekly-markets-report/)[→Weekly sector rotation report](https://aitrading67.com/en/weekly-etf-sectors-report/)[→Market Pulse — every basket](https://aitrading67.com/market-pulse-hub/)[→Market Pulse United States](https://aitrading67.com/en/tag/market-pulse-usa/)[→Market Pulse Italy](https://aitrading67.com/en/tag/market-pulse-it/)[→Market Pulse Germany](https://aitrading67.com/en/tag/market-pulse-de/)[→Market Pulse France](https://aitrading67.com/en/tag/market-pulse-fr/)[→Market Pulse United Kingdom](https://aitrading67.com/en/tag/market-pulse-uk/)[→Market Pulse Brazil](https://aitrading67.com/en/tag/market-pulse-br/)[→Market Pulse ETFs](https://aitrading67.com/en/tag/market-pulse-etf/)

**\* Our system** — The rows of names at the foot of each card carry our model's position, long or short. Position from the latest published weekly analysis. Levels, targets and the trading plan sit in each instrument's own page. The two letters in brackets lead to the instrument page (G) and the full analysis (P).

**Disclaimer.** The content on this page is published for educational and informational purposes and reflects the author's personal opinion and technical analysis. It does not constitute financial advice, an investment solicitation, or a personalised recommendation. Trading in financial instruments carries a high level of risk and may result in substantial loss of the capital invested. Every operating decision rests solely with the reader, who acts independently and in full awareness of that risk. AiTrading67 is not a broker or financial intermediary and is not affiliated with any broker or trading platform.

Sources

[1Fed rate decision September 2026 — CNBC, 16 settembre 2026cnbc.com](https://www.cnbc.com/2026/09/16/fed-rate-decision-september-2026.html)[2Fed raises interest rates for the first time since 2023 — CNN Business, 16 settembre 2026cnn.com](https://www.cnn.com/2026/09/16/business/live-news/federal-reserve-interest-rate-september)[3Stock market today, Wednesday September 16 — Yahoo Finance, 16 settembre 2026finance.yahoo.com](https://finance.yahoo.com/markets/live/stock-market-today-wednesday-september-16-dow-sp-500-nasdaq-fed-meeting-decision-080356525.html)[4Dollar jumps after Fed raises rates, sends hawkish signal — Bloomberg, 16 settembre 2026bloomberg.com](https://www.bloomberg.com/news/articles/2026-09-16/dollar-jumps-after-fed-raises-rates-sends-hawkish-signal)[5Investors react to Fed hike and market sell-off — CNBC, 16 settembre 2026cnbc.com](https://www.cnbc.com/2026/09/16/investors-react-to-fed-hike-market-sell-off-brace-for-higher-rates-for-longer.html)[6Current price of oil as of September 16, 2026 — Fortune, 16 settembre 2026fortune.com](https://fortune.com/article/price-of-oil-09-16-2026/)[7Borsa: Milano chiude in rialzo (+0,8%), balza Prysmian, giù Stellantis — ANSA, 16 settembre 2026ansa.it](https://www.ansa.it/sito/notizie/economia/2026/09/16/borsa-milano-chiude-in-rialzo-08-balza-prysmian-giu-stellantis%5F6b1b06c1-f0d4-4417-904a-809dd48e86a7.html)[8Intesa, ok Ivass su quote indirette Generali e Axa Mps Assicurazioni — ANSA, 16 settembre 2026ansa.it](https://www.ansa.it/lombardia/notizie/2026/09/16/intesa-ok-ivass-su-quote-indirette-generali-e-axa-mps-assicurazioni%5F1edbdaeb-a2f8-4419-95fb-bb046d6b46f6.html)[9Opas Mps, Intesa incassa il via libera dell'Ivass sulle partecipazioni assicurative — Il Sole 24 Ore, 16 settembre 2026ilsole24ore.com](https://www.ilsole24ore.com/art/opas-mps-intesa-incassa-via-libera-dell-ivass-partecipazioni-assicurative-AJS8GqEB)[10I ricavi Mfe-Mediaset nei primi sei mesi scendono a 2,95 miliardi, bene l'utile — ANSA, 16 settembre 2026ansa.it](https://www.ansa.it/sito/notizie/economia/2026/09/16/i-ricavi-mfe-mediaset-nei-primi-sei-mesi-scendono-a-295-miliardi%5Fb3fe127b-f2d6-4cc5-a74a-0002a58e8f16.html)[11Mfe, ricavi in discesa ma cura dei costi ed efficienze spingono i conti — Il Sole 24 Ore, 16 settembre 2026ilsole24ore.com](https://www.ilsole24ore.com/art/mfe-ricavi-discesa-ma-cura-costi-ed-efficienze-spingono-conti-AJcwS5EB)[12Borsa Italiana, il commento della seduta del 16 settembre 2026 — SoldiOnline, 16 settembre 2026soldionline.it](https://www.soldionline.it/notizie/azioni-italia/borsa-italiana-commento-giornata-16-settembre-2026)[13Market movers: XOM — TradingKey, 16 settembre 2026tradingkey.com](https://www.tradingkey.com/news/market-movers/262171226-market-movers-xom-20260916)