> ## 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: oil collapses, software rallies - URL: https://aitrading67.com/en/technical-analysis-oil-collapses-software-rallies/ - Published: 2026-07-28T08:00:00.000Z - Updated: 2026-08-11T14:29:43.000Z - Description: The US-Iran truce strips the war premium out of crude and overturns, in a single session, the very theme our model had just bought. Technical analysis of the day, this week's twelve fresh signals and the desk's position on every instrument mentioned. - Author: Fabio Gentili - Tags: Daily technical analysis of the US and Europe stocks market, lang-en, #titolo-nel-corpo Economic Observatory · The session # Technical analysis: oil collapses, software rallies 28 July 2026AiTrading67 · Trade DeskOsservatorioMarkets The densest week of the summer opens with a reversal no indicator could have anticipated. The pause in hostilities between the United States and Iran over the weekend stripped the war premium out of crude in one move: oil gave back 7.5% in two sessions, and the entire energy complex went with it, to the bottom of the tables on both sides of the Atlantic. On the same day semiconductors reopened the most uncomfortable chapter of the year, what the race into artificial intelligence really costs and who is funding it: Nvidia stock paid for the disclosure of a $250bn guarantee on the debt behind a data centre, while the memory names SanDisk and Micron were swamped by Chinese competition, and the European chipmakers fell with them. The software names went sharply the other way, with Salesforce, ServiceNow, Shopify and Palantir all higher: the money never left the artificial intelligence trade, it simply switched vehicles. The result is a Wall Street pulling in different directions, hanging on Wednesday's Federal Reserve decision. On the Milan market the session split along the same line: banks and defence higher, energy last, with Eni stock the worst name on the index. In the sections below you will find the technical analysis of the names drawing the most attention right now — Nvidia, Shopify and Palantir on one side, Enel, Stellantis, STM, Intesa Sanpaolo, Leonardo and Fincantieri on the other — and, for each, where our model stands, long or short, with the date its signal fired. For our desk the day cuts twice, because it lands exactly where the model had just bought. Saturday's weekly technical analysis produced twelve fresh buy signals concentrated in energy, defence, industry and utilities; by Monday three of those twelve had lost their daily signal, and they are precisely the three European energy names. It is worth saying straight away how that reads, because at a glance it would look like a failure of the model and it is not: those entries are only days old, the trades still sit within a couple of points of where they started, and the weekly Inversion Point is right there setting out what is at risk. A technical signal measures the structure of price, and a diplomatic truce is the kind of outside event no price structure can carry inside it. What matters now is the discipline of management, which here means neither chasing nor panic-selling the day after the news. The news that moved our instruments On this page 1. [This week's new buy signals](#sez-1-nuovi-segnali) 2. [Crude hands back its war premium](#sez-2-petrolio) 3. [Chips: the circular financing fear returns](#sez-3-semiconduttori) 4. [The rotation: out of silicon, into software](#sez-4-software) 5. [European indices beat the US, thanks to oil](#sez-5-indici-europa) 6. [Italian stock market: banks and defence up, energy down](#sez-5-italia) 7. [The Italian stocks we follow: the banks make the year](#sez-7-italia-titoli) 8. [Europe's earnings send a signal](#sez-6-europa) 9. [Technical analysis of SPY and QQQ: two indices, six points apart](#sez-7-indici) 📈 OUR MODEL Updated as of today ## This week's new buy signals There are twelve of them, born out of the weekend's weekly analysis, and what matters more than any single name is where they cluster: energy, defence and industry, utilities, telecoms. That is the side of the market living on present orders and present cash. The day-signal column carries the date the buy fired on the daily chart; the weekly candle now forming closes on Friday, so that column stays provisional until then. Instrument Signal of the day Weekly in progress How I read it 🇺🇸 [SLB](https://aitrading67.com/en/slb-stock-signals/)Long SLB BUY 22 Jul no new event provisional · closes Friday Top conviction among the new US names, and the only one in the energy block that held its daily signal through the crude sell-off. Oilfield services live on contracts already signed, which makes them less sensitive to the barrel than the producers. Down 1.7% since the signal. 🇫🇷 [DSY](https://aitrading67.com/en/dassault-systemes-stock-signals/)Long Dassault Systèmes BUY 24 Jul no new event provisional · closes Friday Top conviction in Europe, both horizons in agreement, up 2.7% since the signal. Industrial design software sits outside the line of fire of both oil and semiconductors — on a day like this one that counts as a virtue. 🇺🇸 [LMT](https://aitrading67.com/en/lockheed-martin-stock-signals/)Long Lockheed Martin earnings today (28/07) BUY 23 Jul no new event provisional · closes Friday This is the name our model handled best last week, waiting for the weekly to fall into line rather than chasing the 10% jump. The quarterly now lands immediately, and that changes how the entry has to be handled. 🇺🇸 [T](https://aitrading67.com/en/at-t-stock-signals/)Long AT&T BUY 13 Jul no new event provisional · closes Friday The quietest profile of the group alongside the utilities, up 1.2% since the signal with earnings already behind it. Its historical hit rate is the lowest of the twelve, though: a signal that asks for patience. 🇬🇧 [EXPN](https://aitrading67.com/en/experian-stock-signals/)Long Experian BUY 2 Jul no new event provisional · closes Friday British credit data and analytics, up 2.2% since the signal. No company event before November, which in a week like this one is an advantage in itself: the sector has nothing to do with either oil or chips. 🇮🇹 [ENI](https://aitrading67.com/en/eni-stock-signals/)Long Eni earnings tomorrow (29/07) BUY 27 Jul no new event provisional · closes Friday Worst performer in Milan on the session, with the daily signal flipping to sell and earnings the very next day. This is the most exposed of the twelve: Eni stock carries a signal built on weeks of geopolitical tension, and that tension evaporated over a weekend. The long-term structure, by contrast, is still solid. 🇫🇷 [TTE](https://aitrading67.com/en/totalenergies-stock-signals/)Long TotalEnergies BUY 27 Jul no new event provisional · closes Friday Same story as the Italian major: the daily gave way, the weekly structure holds, down 2% since the signal. The monthly horizon is a buy and more than 21% in profit, so the long-horizon trade is not in question — the fresh entry is. 🇪🇺 [EXH1](https://aitrading67.com/en/energy-europe-etf-signals/)Long STOXX Europe 600 Oil & Gas BUY 27 Jul no new event provisional · closes Friday The European oil basket is the cleanest of the three to read, because no single company story gets in the way: it lost more than two points, exactly like its US twin. First crack on the short horizon, down 2.1% since the signal. 🇺🇸 [XLU](https://aitrading67.com/en/utilities-us-etf-signals/)Long Utilities Select Sector SPDR BUY 22 Jul no new event provisional · closes Friday US utilities, the weakest setup quality of the group and the lowest conviction. The sector lost 1.3% on the session while the weekly picture was rising, which is a sharp divergence. Nothing here is driving it right now. 🇺🇸 [HPQ](https://aitrading67.com/en/hp-stock-signals/)Long HP BUY 8 Jul no new event provisional · closes Friday Highest conviction of the group but classified as one to skip on how the setup formed, with elevated volatility and up 3.1% since the signal. A textbook case of a wide move to be handled with discipline: high conviction here measures the breadth of the move, not its reliability. 🇺🇸 [HON](https://aitrading67.com/en/honeywell-international-stock-signals/)Long Honeywell BUY 21 Jul no new event provisional · closes Friday Diversified industrials, horizons aligned and up 1.1% since the signal, with earnings just reported and cleared. The protocol skips it on setup formation, but it belongs to the same defence-and-industry block this phase is rewarding. 🇺🇸 [XOM](https://aitrading67.com/en/exxon-mobil-stock-signals/)Long Exxon Mobil BUY 7 Jul no new event provisional · closes Friday The case where the horizons contradict each other: the weekly is a buy, the monthly switched sides back in June, and on the day crude collapsed Exxon Mobil stock proved the monthly right. Down 1.4% since the signal. **How I read it**The group thesis holds for half of it. Defence, industry and utilities are exactly where the model put them. The other half, energy, was overruled by events within twenty-four hours. The distinction I take away from this session is between oilfield services and oil producers: the former sell multi-year drilling and maintenance contracts and held, the latter sell barrels and gave way. When the theme becomes tradable again, that is the door to come back through first. Our model · [SLB](https://aitrading67.com/en/slb-stock-signals/) Long · [Dassault Systèmes](https://aitrading67.com/en/dassault-systemes-stock-signals/) Long · [Lockheed Martin](https://aitrading67.com/en/lockheed-martin-stock-signals/) Long · [AT&T](https://aitrading67.com/en/at-t-stock-signals/) Long · [Experian](https://aitrading67.com/en/experian-stock-signals/) Long · [Eni](https://aitrading67.com/en/eni-stock-signals/) Long · [TotalEnergies](https://aitrading67.com/en/totalenergies-stock-signals/) Long · [STOXX Europe 600 Oil & Gas](https://aitrading67.com/en/energy-europe-etf-signals/) Long · [Utilities Select Sector SPDR](https://aitrading67.com/en/utilities-us-etf-signals/) Long · [HP](https://aitrading67.com/en/hp-stock-signals/) Long · [Honeywell](https://aitrading67.com/en/honeywell-international-stock-signals/) Long · [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/) Long Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 🌍 GEOPOLITICS The barrel loses in two sessions what it gained over weeks ## Crude hands back its war premium The story that set the tone did not come from a balance sheet but from a truce. With the pause in US-Iran strikes, crude handed back in one move the premium built up over weeks of tension, and European gas shed roughly 8% alongside it. The move rippled through the whole session: yields down, the dollar slightly softer, gold up more than a point. Across our universe the effect was surgical. Eni stock was the worst performer in Milan, and [Tenaris](https://aitrading67.com/en/tenaris-stock-signals/)Short went down with it. Among the majors, [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/)Long, [ConocoPhillips](https://aitrading67.com/en/conocophillips-stock-signals/)Long, [Petrobras](https://aitrading67.com/en/petroleo-brasileiro-stock-signals/)Long and [BP](https://aitrading67.com/en/bp-stock-signals/)Long all moved lower by more than one and a half times their typical swing, and so did [TotalEnergies](https://aitrading67.com/en/totalenergies-stock-signals/)Long in France. Three companies, three markets, one cause: when the commodity sheds 7.5% in two sessions, whoever pulls it out of the ground follows. **How I read it**It is worth being precise here, because a single session does not pass judgement on a signal that lives over weeks. Our model is long across almost the whole complex, but on very recent entries, from the last two weeks: which is exactly why every one of those trades still sits within a couple of points of its entry. Monday's fall took them back to their starting point, and the weekly Inversion Point sits below, spelling out precisely what is at risk from here. The one exception is [SLB](https://aitrading67.com/en/slb-stock-signals/)Long, which held its daily signal, and that is no accident: oilfield services depend on capital budgets already approved rather than on today's barrel. On the other side [Tenaris](https://aitrading67.com/en/tenaris-stock-signals/)Short has been short since late June, and there the model took the right direction. Our model · [Eni](https://aitrading67.com/en/eni-stock-signals/) Long · [TotalEnergies](https://aitrading67.com/en/totalenergies-stock-signals/) Long · [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/) Long · [ConocoPhillips](https://aitrading67.com/en/conocophillips-stock-signals/) Long · [Petrobras](https://aitrading67.com/en/petroleo-brasileiro-stock-signals/) Long · [BP](https://aitrading67.com/en/bp-stock-signals/) Long · [Chevron](https://aitrading67.com/en/chevron-stock-signals/) Long · [Tenaris](https://aitrading67.com/en/tenaris-stock-signals/) Short · [SLB](https://aitrading67.com/en/slb-stock-signals/) Long · [STOXX Europe 600 Oil & Gas](https://aitrading67.com/en/energy-europe-etf-signals/) Long Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 🇺🇸 TECHNOLOGY The bill for the artificial intelligence race ## Chips: the circular financing fear returns The real earthquake is in chips. [Nvidia](https://aitrading67.com/en/nvidia-stock-signals/)Short fell 3.5% after reports of talks to guarantee some $250bn of debt tied to a data centre build-out, a figure that revived the circular-financing worry: the chipmaker effectively funding its own customer to lock in future demand. AMD stock shed 8.3%, weighed down further by a report on a claimed Chinese breakthrough in lithography. But the most violent move carries the memory sector's signature: [SanDisk](https://aitrading67.com/en/sandisk-stock-signals/)Short collapsed 11%, the worst name in its index and now 45% below its June highs, dragging [Micron](https://aitrading67.com/en/micron-technology-stock-signals/)Short down 5%. The trigger was the market debut of a Chinese memory maker, which gave fresh substance to fears of a price war. In 2026 the risk for Western producers is no longer demand alone: it is Chinese capacity advancing across the whole supply chain. **How I read it**Our model is short three of the four names in this box, and on all three the session proved it right. The fourth deserves a clarification, because read quickly it would suggest the opposite: [AMD](https://aitrading67.com/en/advanced-micro-devices-stock-signals/)Long has been a buy since 6 April, and the trade is worth more than 100% since then. A day at minus 8% inside a doubling is a mature signal handing back some of its push, and the weekly Inversion Point — still below the current level — is what will decide when that gain is booked. The price action datum I am watching is a different one: across our long-horizon structure, fifteen buy signals are at risk of reversal, and eleven of them sit inside this perimeter. This is the corner of the market where ai trading mostly means working out who is picking up the capital-spending bill. Our model · [Nvidia](https://aitrading67.com/en/nvidia-stock-signals/) Short · [AMD](https://aitrading67.com/en/advanced-micro-devices-stock-signals/) Long · [Micron](https://aitrading67.com/en/micron-technology-stock-signals/) Short · [SanDisk](https://aitrading67.com/en/sandisk-stock-signals/) Short Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 🇺🇸 ROTATION Money is not leaving the theme, it is changing vehicle ## The rotation: out of silicon, into software Investors did not flee the artificial intelligence theme — they rotated inside it. With semiconductors under pressure, capital moved into application software: [Salesforce](https://aitrading67.com/en/salesforce-stock-signals/)Short gained 7%, [ServiceNow](https://aitrading67.com/en/servicenow-stock-signals/)Short 8%, while Shopify stock rose 7.9% after an Overweight initiation with a $192 target and two upgrades to Buy on the same day. [Palantir](https://aitrading67.com/en/palantir-technologies-stock-signals/)Short added 4.1%, supported by enterprise demand and government contracts. It is the same bet played from the side of those selling artificial intelligence as a service rather than as hardware, where the multiples do not hang on a capital-spending plan running into hundreds of billions. **How I read it**The picture needs unpacking, because the three sell signals in this box are in nothing like the same condition. On [Palantir](https://aitrading67.com/en/palantir-technologies-stock-signals/)Short the downtrend has been open since January and is worth more than 22%: Monday's rebound dents a wide gain rather than overturning it. On the other two the signal is far younger, from mid-June, and the rebound has pushed it below entry: there the weekly Inversion Point is the level that will say whether the signal needs revisiting. What matters more than any single name is that four simultaneous rebounds above 6% inside one sector amount to a rotation. Our weekly lens, which weighs volatility and money flow, does not confirm it yet. For anyone doing swing trading this is the kind of rotation you only recognise after a few sessions, and chasing it on day one is the classic way to buy the high. Our model · [Salesforce](https://aitrading67.com/en/salesforce-stock-signals/) Short · [ServiceNow](https://aitrading67.com/en/servicenow-stock-signals/) Short · [Shopify](https://aitrading67.com/en/shopify-stock-signals/) Long · [Palantir](https://aitrading67.com/en/palantir-technologies-stock-signals/) Short Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 🇪🇺 EUROPEAN INDICES Four baskets, one signal: buy since April ## European indices beat the US, thanks to oil It is worth looking at all four together, because on Monday they beat the United States and the reason is the very thing that punished the oil names. A continent that imports energy breathes when the barrel falls: [DAX](https://aitrading67.com/en/dax-etf-signals/)Long gained 1.36%, [CAC 40](https://aitrading67.com/en/cac-40-etf-signals/)Long and [FTSE MIB](https://aitrading67.com/en/ftse-mib-etf-signals/)Long 0.53% each and [FTSE 100](https://aitrading67.com/en/ftse-100-etf-signals/)Long 0.40%, while the broad US index sat flat and the technology one slipped. In technical analysis terms all four are in the same underlying condition, which does not happen often: every one of them has had a weekly buy signal since the first half of April, roughly fifteen weeks, and every one sits between 2% and 3.2% above its own weekly Inversion Point. Three of the four are also within 2% of their record; the odd one out is the London basket, still 8.6% below its high and carrying the thinnest gain of the group. One closing note: the Milan basket should not be read on its own. It is the most bank-heavy of the four, and that single fact explains both its run this year and its sensitivity to every piece of news on rates — starting with the one landing tomorrow. **How I read it**The number that tells the story of the year is a different one: since the April signal the Italian basket is worth 12.16%, against 3.99% for the French, 2.62% for the German and 1.08% for the British. Milan has done three times Paris and almost five times Frankfurt, a direct reflection of how much weight the banks carry in its index. One detail deserves attention, though: the Italian one is the only one of the four whose daily signal has now turned to sell while the weekly holds. That is not an alarm — on a gain of that size the Inversion Point has climbed a long way and protects it — but it is the first of the four to show the run is slowing. Our model · [FTSE MIB](https://aitrading67.com/en/ftse-mib-etf-signals/) Long · [DAX](https://aitrading67.com/en/dax-etf-signals/) Long · [CAC 40](https://aitrading67.com/en/cac-40-etf-signals/) Long · [FTSE 100](https://aitrading67.com/en/ftse-100-etf-signals/) Long Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 🇮🇹 MILAN A split dictated by the barrel ## Italian stock market: banks and defence up, energy down Milan closed half a point higher, with a split dictated by oil. On the winning side the banks, with [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/)Long up 2.3% and [Monte dei Paschi](https://aitrading67.com/en/monte-dei-paschi-stock-signals/)Long up 1.3%, and defence, with Leonardo stock up 2%. [Ferrari](https://aitrading67.com/en/ferrari-stock-signals/)Long also did well, gaining 2% two days ahead of results. On the other side, the collapse in crude made Eni stock the worst name on the index, dragging the oil complex with it. [Intesa Sanpaolo](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/)Long, the largest company on the index by market value, tracked the strength of the banking sector. The calendar thickens from here: shipbuilder half-year figures land on 29 July and the sports-car maker's quarterly on the 30th. **How I read it**Italian banking is where our model lines up perfectly: a buy on the weekly, a buy on the monthly, and a price that is rising. When all three horizons say the same thing the reading is simple and the job comes down to risk management in trading. The new element in this session is [Leonardo](https://aitrading67.com/en/leonardo-stock-signals/)Long: its weekly buy signal fired only yesterday, which makes it the freshest entry on the Italian market — and, like any signal this new, also the most fragile. Our model · [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/) Long · [Intesa Sanpaolo](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/) Long · [Leonardo](https://aitrading67.com/en/leonardo-stock-signals/) Long · [Ferrari](https://aitrading67.com/en/ferrari-stock-signals/) Long · [Monte dei Paschi](https://aitrading67.com/en/monte-dei-paschi-stock-signals/) Long Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 🇮🇹 THE ITALIAN MAP Where our model stands on the Milan names ## The Italian stocks we follow: the banks make the year Widening the lens from the day's news to the map, the Italian picture is the clearest of any market we cover, and it has one dominant theme: banks and asset gatherers. Across nine financial names the signal is a buy on all nine, and eight of them are in double digits since the signal: [Mediobanca](https://aitrading67.com/en/mediobanca-stock-signals/)Long above 36%, [Monte dei Paschi](https://aitrading67.com/en/monte-dei-paschi-stock-signals/)Long close to 29%, [Banco BPM](https://aitrading67.com/en/banco-bpm-stock-signals/)Long at 24.5%, [Banca Mediolanum](https://aitrading67.com/en/banca-mediolanum-stock-signals/)Long at 23%, [Generali](https://aitrading67.com/en/assicurazioni-generali-stock-signals/)Long at 21%, then [Intesa Sanpaolo](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/)Long and [FinecoBank](https://aitrading67.com/en/finecobank-stock-signals/)Long above 14% and [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/)Long at 13.8%. It is the most profitable theme of the year on the Milan market, and the model has been inside it since the first half of April. The outright leader, though, is not a bank: Saipem stock has been a buy since last December and is worth more than 78% since the signal. Monday's collapse in crude dragged it down with the rest of the complex, and it is precisely the case where one session's move says nothing about a trade that has travelled that far. On the sell side the model has been right for months on three names the public keeps searching for. [Stellantis](https://aitrading67.com/en/stellantis-stock-signals/)Short has been short since 1 June with almost 20% of gain; [STMicroelectronics](https://aitrading67.com/en/stmicroelectronics-stock-signals/)Short since 13 July with 14.7%, carrying the highest conviction on the entire Italian market, a hundred out of a hundred — it is also the name drawing the heaviest technical analysis search traffic in Italy right now, and our reading runs against what most of that traffic seems to expect; [Moncler](https://aitrading67.com/en/moncler-stock-signals/)Short completes the trio since last March, with luxury still failing to restart. One name deserves a line of its own, because on Monday it was the most searched on the whole Milan market: [Enel](https://aitrading67.com/en/enel-stock-signals/)Long. Our buy signal has been open since 7 April, yet the gain sits barely above break-even and since yesterday the daily has turned to sell while the weekly holds. It is the case where public attention and the strength of the instrument do not travel together, and it is worth knowing that before buying out of curiosity. Among the new entries, the freshest in Italy is [Leonardo](https://aitrading67.com/en/leonardo-stock-signals/)Long: its weekly buy signal fired yesterday, so the trade starts today. Just behind it [Fincantieri](https://aitrading67.com/en/fincantieri-stock-signals/)Long, a buy since 6 July with 11.3% and half-year figures due tomorrow; and [Ferrari](https://aitrading67.com/en/ferrari-stock-signals/)Long, a buy since 8 June with 8.1% and quarterly results on Thursday. **How I read it**The group to watch is a different one: the names whose weekly is a buy while the daily has just turned to sell. Alongside [Eni](https://aitrading67.com/en/eni-stock-signals/)Long there are [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/)Long, [Nexi](https://aitrading67.com/en/nexi-stock-signals/)Long and [Enel](https://aitrading67.com/en/enel-stock-signals/)Long. Those are four readings that diverge, not four broken signals: the short horizon has stepped aside while the weekly structure holds, and the Inversion Point is the level that will say which of the two got it right. At the opposite end [A2A](https://aitrading67.com/en/a2a-stock-signals/)Long and [Hera](https://aitrading67.com/en/hera-stock-signals/)Long, the two utilities that entered in mid-July, are still glued to their entry price: brand-new signals that need to be left alone to do their work. Our model · [Saipem](https://aitrading67.com/en/saipem-stock-signals/) Long · [Mediobanca](https://aitrading67.com/en/mediobanca-stock-signals/) Long · [Monte dei Paschi](https://aitrading67.com/en/monte-dei-paschi-stock-signals/) Long · [Banco BPM](https://aitrading67.com/en/banco-bpm-stock-signals/) Long · [Intesa Sanpaolo](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/) Long · [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/) Long · [Stellantis](https://aitrading67.com/en/stellantis-stock-signals/) Short · [STMicroelectronics](https://aitrading67.com/en/stmicroelectronics-stock-signals/) Short · [Moncler](https://aitrading67.com/en/moncler-stock-signals/) Short · [Leonardo](https://aitrading67.com/en/leonardo-stock-signals/) Long · [Fincantieri](https://aitrading67.com/en/fincantieri-stock-signals/) Long · [Eni](https://aitrading67.com/en/eni-stock-signals/) Long · [Enel](https://aitrading67.com/en/enel-stock-signals/) Long · [Nexi](https://aitrading67.com/en/nexi-stock-signals/) Long Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 🇪🇺 EUROPE Earnings say more than the indices ## Europe's earnings send a signal Europe, for once, delivered sharper company news than Wall Street. [AstraZeneca](https://aitrading67.com/en/astrazeneca-stock-signals/)Short beat expectations with core earnings per share up 21%, gaining 1.1% and helping lift the London index despite the slump in oil names. [Rolls-Royce](https://aitrading67.com/en/rolls-royce-stock-signals/)Long also performed, up 2.6%. The most interesting signal, though, came from luxury: [LVMH](https://aitrading67.com/en/lvmh-moet-hennessy-louis-vuitton-stock-signals/)Short closed an accelerating first half, with revenue up 2% organically and the second quarter at 3%, and above all a fashion and leather goods division growing again for the first time after seven quarters of decline, with watches and jewellery up 11%. With US demand recovering, it is the first concrete hint that the luxury cycle may have bottomed. **How I read it**Two of the three names have our model positioned short and rose on their results. But both are very young signals — one from mid-July, the other from last week — and both trades still sit within a couple of points of entry: a better-than-expected set of accounts moves price before the weekly structure has had time to have its say. That is why a weekly signal is judged over weeks rather than on the candle of results day, and in the meantime the stop is already there defining the risk. The real question on luxury is whether one accelerating quarter is enough to turn a structure built through two years of decline. Our model · [AstraZeneca](https://aitrading67.com/en/astrazeneca-stock-signals/) Short · [Rolls-Royce](https://aitrading67.com/en/rolls-royce-stock-signals/) Long · [LVMH](https://aitrading67.com/en/lvmh-moet-hennessy-louis-vuitton-stock-signals/) Short Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. 📊 DESK READ Two American indices, two different worlds ## Technical analysis of SPY and QQQ: two indices, six points apart We close with the desk's technical read, which today comes down to one comparison. [SPY](https://aitrading67.com/en/sp-500-etf-signals/)Long, the S&P 500 ETF, trades 2.80% below its own record; [QQQ](https://aitrading67.com/en/nasdaq-100-etf-signals/)Short, the Nasdaq 100 ETF, 8.89% below. Six percentage points between two indices the public often treats as interchangeable. The reason sits in the composition, and it reads off a single number: financials weigh 12.59% in the first basket and 0.24% in the second. On Monday technology gave up 0.90% while financials gained 1.01%, and that alone was enough to hold the broad index flat while the other fell. In technical analysis terms the two are in opposite states: the first is compressed, with eight distinct levels inside a point and a half above price and its weekly Inversion Point less than a point below; the second is pinned to the lower Bollinger band with empty space beneath it, and its weekly signal turned to sell in the week of 20 July. **How I read it**Anyone following ai trading tends to watch the technology index alone and comes away with a distorted picture of the American market. The truth of this phase is that money is not leaving the market, it is moving within it: out of chips into software, out of energy into defensives, out of growth into banks. Any trading strategy built on the technology index alone inherits that blind spot. For anyone whose share trading sits in broad index funds this matters more than any single stock: the price action trading signature of these two indices tells that story better than any commentary, and tomorrow's Federal Reserve decision will say whether the rotation still has fuel. Our model · [SPY](https://aitrading67.com/en/sp-500-etf-signals/) Long · [QQQ](https://aitrading67.com/en/nasdaq-100-etf-signals/) Short Position from our latest published weekly analysis. Levels, targets and the full trading plan sit in each instrument's own page. --- The desk's wrap ## A session that moved a theme, not the market What is holding outweighs what stalled. Defence, industry, banks and healthcare are exactly where our model placed them, and the signals from previous weeks across those sectors sit between 10% and 24% in profit. What stalled is a single theme, energy, and it stalled for a reason outside the market: a diplomatic truce that no technical analysis could have contained. None of those positions is compromised, though: they are recent entries, close to where they started, with the stop already defined. From here to Friday the calendar is in charge. Wednesday brings the Federal Reserve decision, and the same week carries results from the four largest companies on the US market. In a phase like this, risk management in trading matters more than selection: the difference between acting today and acting once the events have passed is negligible over a horizon of weeks — the risk is not. Our desk opened nothing, and that is not abstention: it is a decision. **What you find here.** If you are trying to work out **how to manage risk in trading** — stops, the break-even stop, trailing, and the declaration of stops that have been taken out — or want **trading chart patterns explained** (double bottoms, Bollinger bands, the Ichimoku cloud, price action), this is the desk's **trading journal**: published every morning ahead of the US premarket, with our model's position on every instrument mentioned. We do not sell **online trading** platforms and we do not manage anyone's money: we publish a method and its results, including the times it gets things wrong. **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 [1Stock Market Today, July 27 2026 — oil retreat and the memory sell-offfool.com](https://www.fool.com/coverage/stock-market-today/2026/07/27/stock-market-today-july-27-dow-rises-on-oil-retreat-and-sandisk-plunges-11-on-memory-weakness/)[2Nvidia in talks to guarantee $250bn of OpenAI financingfinance.yahoo.com](https://finance.yahoo.com/technology/ai/articles/nvidia-talks-openai-guarantee-250-233930971.html)[3SanDisk, Micron and SK Hynix rattled by CXMT's Shanghai listing247wallst.com](https://247wallst.com/investing/2026/07/27/sandisk-sinks-12-micron-drops-5-sk-hynix-falls-8-as-chinas-cxmt-ipo-rattles-memory-stocks/)[4Salesforce, ServiceNow and Workday rally on the software rotation247wallst.com](https://247wallst.com/investing/2026/07/27/salesforce-surges-7-servicenow-jumps-8-workday-jumps-10-as-software-rebounds-on-ai-rotation/)[5Shopify draws an Overweight initiation and a round of upgradesstockstotrade.com](https://stockstotrade.com/news/shopify-inc-shop-news-2026%5F07%5F27/)[6Milan market wrap, session of 27 July 2026soldionline.it](https://www.soldionline.it/notizie/azioni-italia/borsa-italiana-commento-giornata-27-luglio-2026)[7FTSE 100: AstraZeneca beats estimates while oil majors slideproactiveinvestors.com](https://www.proactiveinvestors.com/companies/news/1096048/ftse-100-live-stocks-start-higher-as-oil-price-tumbles-vodafone-and-astrazeneca-impress-1096048.html)[8LVMH revenue accelerates in the second quarterinvesting.com](https://www.investing.com/news/stock-market-news/lvmh-sales-rise-as-us-luxury-demand-offsets-hit-from-iran-war-4814718)[9Federal Reserve interest rate decision, July meetingcbsnews.com](https://www.cbsnews.com/news/fed-interest-rate-decision-july-meeting/)