> ## 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. # A week with two peaks: the Fed on Wednesday, the giants in line and oil losing its grip - URL: https://aitrading67.com/en/week-two-peaks-fed-giants/ - Published: 2026-07-27T08:00:00.000Z - Updated: 2026-09-10T09:54:35.000Z - Description: The Fed lands on Wednesday, with a wall of earnings around it: Microsoft and Meta on the 29th, Apple and Amazon on the 30th, plus Eni, Intesa and Enel. Brent down 4% turns Europe green as Italy's banking consolidation hits its decisive week. Technical analysis on the stocks we follow. - Author: Fabio Gentili - Tags: Daily technical analysis of the US and Europe stocks market, lang-en, #titolo-nel-corpo World Observatory · The Week Ahead # A week with two peaks: the Fed on Wednesday, the giants in line and oil losing its grip 27 July 2026 AiTrading67 · Trade Desk Observatory Markets Markets closed a jumpy week on Friday 24 July with a two-speed session — the Dow up 0.46%, the S&P 500 barely above the line at 7,412, the Nasdaq down 0.64% — and then sat still through the weekend. The week now opening has two peaks close together: the Federal Reserve decision on Wednesday 29, where a hold in the 3.50-3.75% range is expected, and a wall of earnings around it — Microsoft and Meta after the bell on the 29th, Apple and Amazon on the 30th, with Eni and Intesa Sanpaolo on the 29th and Enel and Ferrari on the 30th in Italy. What shifted the tone underneath was crude, down roughly 4% and enough on its own to turn Europe green. In the background, Italy's banking consolidation reaches the days that matter: the Banco BPM board meets on Tuesday 28, the Monte dei Paschi board on Thursday 30\. Below are the open fronts, theme by theme, with our model's standing position and the technical analysis behind it. Every name links to its latest published weekly analysis; where our signal runs against Friday's move, we say so plainly. On this page 1. [This week’s new buy signals](#sez-1-this-week-rsquo-s-new-buy-signals) 2. [Seventy-two hours that weigh more than a month](#sez-2-seventy-two-hours-that-weigh-more-than-a-month) 3. [Oil price slides: crude deflates and Europe breathes](#sez-3-crude-deflates-and-europe-breathes) 4. [The beat that got punished anyway](#sez-4-the-beat-that-got-punished-anyway) 5. [Scattered results: energy celebrates, defence splits](#sez-5-scattered-results-energy-celebrates-defence-spli) 6. [Italian stock market: two board meetings and a thirty-billion offer](#sez-6-two-board-meetings-and-a-thirty-billion-offer) 7. [STM, Moncler and Poste stock: the other side of the board](#sez-7-chips-luxury-and-post-the-other-side-of-the-boar) 8. [An insurer in Singapore and a German carmaker in trouble](#sez-8-an-insurer-in-singapore-and-a-german-carmaker-in) 9. [Starship flew, the shares stayed on the ground](#sez-9-starship-flew-the-shares-stayed-on-the-ground) 10. [The Ibovespa pays crude's bill](#sez-10-the-ibovespa-pays-crude-s-bill) The fronts that open the week 📈 OUR MODEL Updated view ## This week’s new buy signals The weekly technical analysis closed on Friday produced **12 new buy signals**, and today they share a feature that matters more than any single name: **all 12 have the daily signal aligned with the weekly one**. In the previous session almost four out of ten were born already at odds with the short term. I refresh this table every day: that is how you see which ones hold and which start to crack. Instrument Daily signal Weekly confirmed How I read it 🇺🇸 [SLB](https://aitrading67.com/en/slb-stock-signals/)Long SLB Limited BUY 22 Jul buy confirmed week closed on 24/07 The strongest case in the group and the most delicate at once. On Friday it was the best stock in the US index after earnings beat expectations, with a move worth more than three times its usual swing, and the weekly turned to buy as a result. Setup quality is medium, the opening cautious. The flip side: the news lens shows weekly money leaving, so the spike has no flow behind it yet. A real setup, to be entered with measure and without chasing the day after. 🇺🇸 [LMT](https://aitrading67.com/en/lockheed-martin-stock-signals/)Long Lockheed Martin Corporation earnings tomorrow (28/07) BUY 23 Jul buy confirmed week closed on 24/07 The engine here is the real one — an earnings beat and a record order backlog — and now the weekly structure is behind it. Medium quality, cautious opening, conviction in the middle band. The discipline is the usual one: you buy weakness. 🇺🇸 [HON](https://aitrading67.com/en/honeywell-international-stock-signals/)Long Honeywell International Inc. BUY 21 Jul buy confirmed week closed on 24/07 The signal is born on its first session as a pure automation play after the aerospace spin-off, up 6.4%: in substance this is a new company, not just a new price. Daily and weekly aligned last week, but our protocol rates the setup a discard. That contradiction deserves respect: the signal is live, size stays minimal until the new structure shows a few weeks of behaviour. 🇮🇹 [ENI](https://aitrading67.com/en/eni-stock-signals/)Long Eni S.p.A. earnings 29/07 · in 2 days BUY 21 Jul buy confirmed week closed on 24/07 The signal is aligned across all three horizons, which is rare and worth noting. But conviction is weak and earnings land on Wednesday, the same day as the rate decision: buying today means buying two unknowns at once. The signal stands and I keep it on the list; an entry, if any, makes sense after the results. 🇫🇷 [TTE](https://aitrading67.com/en/totalenergies-stock-signals/)Long TotalEnergies SE BUY 20 Jul buy confirmed week closed on 24/07 The French leg of the energy case, and the weakest conviction of the three integrated names. The daily turned on 20 July and the weekly followed, but crude lost more than 3% just as the signal matured: chart and news are pulling opposite ways. If the US-Iran talks take shape, this is the first of the group to suffer. 🇺🇸 [XOM](https://aitrading67.com/en/exxon-mobil-stock-signals/)Long Exxon Mobil Corporation BUY 7 Jul buy confirmed week closed on 24/07 Exxon Mobil stock has had a daily buy since 7 July and a weekly that turned on the week just closed, yet our protocol discards it and the monthly is still a sell: three horizons telling three different stories. Earnings also close the week. A signal to let settle — the energy case in the book is already well covered by names with better setups. 🇩🇪 [EXH1](https://aitrading67.com/en/energy-europe-etf-signals/)Long iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE) BUY 3 Jul buy confirmed week closed on 24/07 The lazy, sensible way to take the European energy theme without picking a single name. The daily has been a buy since 3 July, the weekly is behind it and volatility is contained — the steadiest profile of the group. The flip side is weak conviction, and the fact that on Friday the sector fell while the rest of Europe rose: the pullback in crude shows up here first. 🇫🇷 [DSY](https://aitrading67.com/en/dassault-systemes-stock-signals/)Long Dassault Systemes SE BUY 24 Jul buy confirmed week closed on 24/07 The French design software maker rose almost 8% on Friday, twice its normal swing, and the weekly turned. There is a detail the system does not hide: on the daily lens the verdict is money leaving, with the weekly flow in distribution. This is a signal born on a price spike rather than on accumulation, and it should be treated as such — the kind of setup that asks for confirmation before full size. 🇺🇸 [T](https://aitrading67.com/en/at-t-stock-signals/)Long AT&T Inc BUY 13 Jul buy confirmed week closed on 24/07 AT&T stock gained more than 5% on Friday, a move over one and a half times its usual swing, and the daily has been a buy since mid-month. It is the income defensive rising while technology retreats: consistent with the rotation, with the advantage of having its earnings already behind it. The monthly is still a sell, so the long structure does not confirm yet: a short-horizon setup, not one to file away. 🇬🇧 [EXPN](https://aitrading67.com/en/experian-stock-signals/)Long Experian PLC earnings 18/11 · in 114 days BUY 2 Jul buy confirmed week closed on 24/07 Experian stock is the quietest name of the group, and this week that is a virtue. Credit information services: no earnings for almost four months, little direct exposure to the repricing of rates, a daily buy since the start of July with the weekly following. The monthly is still a sell and conviction is medium. This is the candidate that fears Wednesday least. 🇺🇸 [XLU](https://aitrading67.com/en/utilities-us-etf-signals/)Long State Street Utilities Select Sector SPDR ETF BUY 22 Jul buy confirmed week closed on 24/07 US utilities come in with the weakest conviction of all and our protocol puts them under simple monitoring. Daily and weekly have been aligned for a few days and volatility is contained, so the profile is regular; but a sector that lives on the cost of money, on the eve of a central bank meeting, is the wrong place to be in a hurry. Small size, and only once rates ease. 🇺🇸 [HPQ](https://aitrading67.com/en/hp-stock-signals/)Long HP Inc. earnings 01/09 · in 36 days BUY 8 Jul buy confirmed week closed on 24/07 HP stock is a textbook case for our house rule: the broadest push in the group, 72 out of 100 on the Strength of the Signal, inside high volatility. Conviction and safety are not the same thing — here the move is wide and the path bumpy, which is why the protocol marks it a discard. Daily buy since 8 July with the weekly aligned. If taken, it is taken small and with a wide stop. **How I read it**Risk management in trading starts here, before the entry, and our AI trading model sizes it. There is a single thesis: energy, defence, industry and utilities — the side of the market built on orders and present cash. The flip side deserves saying too: none of these signals arrives with high quality, three are rated discard by our protocol, and the week brings the central bank plus a wall of earnings. These are names for a ready list, to be executed when the calendar allows. Our system · [SLB](https://aitrading67.com/en/slb-stock-signals/) **long** · [Lockheed Martin](https://aitrading67.com/en/lockheed-martin-stock-signals/) **long** · [Honeywell](https://aitrading67.com/en/honeywell-international-stock-signals/) **long** · [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** · [Europe oil & gas ETF](https://aitrading67.com/en/energy-europe-etf-signals/) **long** · [Dassault Systèmes](https://aitrading67.com/en/dassault-systemes-stock-signals/) **long** · [AT&T](https://aitrading67.com/en/at-t-stock-signals/) **long** · [Experian](https://aitrading67.com/en/experian-stock-signals/) **long** · [US utilities ETF](https://aitrading67.com/en/utilities-us-etf-signals/) **long** · [HP](https://aitrading67.com/en/hp-stock-signals/) **long** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 📊 DIARY The calendar that counts ## Seventy-two hours that weigh more than a month It starts on Tuesday 28 with an already crowded slate: [PayPal](https://aitrading67.com/en/paypal-stock-signals/)Long, [Coca-Cola](https://aitrading67.com/en/coca-cola-stock-signals/)Long, [Boeing](https://aitrading67.com/en/boeing-stock-signals/)Short, [Visa](https://aitrading67.com/en/visa-stock-signals/)Long and [Ford](https://aitrading67.com/en/ford-motor-stock-signals/)Short all report, and the Banco BPM board meets the same day. Wednesday 29 is the pivot. The Federal Reserve decision lands in the American afternoon, with a hold in the 3.50-3.75% range expected; after the close come [Microsoft](https://aitrading67.com/en/microsoft-stock-signals/)Short and [Meta](https://aitrading67.com/en/meta-platforms-stock-signals/)Long, two names on which our model holds opposite positions and which will be measured the same evening by the same yardstick, capital spending. In Europe the same day brings results from Eni and Intesa Sanpaolo. Thursday 30 belongs to [Apple](https://aitrading67.com/en/apple-stock-signals/)Long and [Amazon](https://aitrading67.com/en/amazon-stock-signals/)Short — again two opposing signals on the same date — alongside Coinbase, [Ferrari](https://aitrading67.com/en/ferrari-stock-signals/)Long and [Enel](https://aitrading67.com/en/enel-stock-signals/)Long, while the Monte dei Paschi board convenes in Siena. Friday closes with [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/)Long and [Chevron](https://aitrading67.com/en/chevron-stock-signals/)Long, against a Brent price four points lower than a week ago. In a market that punishes capital spending and rewards artificial-intelligence monetisation, guidance rather than the quarter itself will set the direction. **How I read it**Five sessions this dense are not handled by reacting; they are handled by deciding in advance where protection sits. The value of a week like this in technical analysis is that by Friday the weekly levels will have been confirmed or broken cleanly, and any trading strategy built on the weekly signal will read the board far more easily next Monday than it does today. Our system · [PayPal](https://aitrading67.com/en/paypal-stock-signals/) **long** · [Coca-Cola](https://aitrading67.com/en/coca-cola-stock-signals/) **long** · [Boeing](https://aitrading67.com/en/boeing-stock-signals/) **short** · [Visa](https://aitrading67.com/en/visa-stock-signals/) **long** · [Ford](https://aitrading67.com/en/ford-motor-stock-signals/) **short** · [Microsoft](https://aitrading67.com/en/microsoft-stock-signals/) **short** · [Meta](https://aitrading67.com/en/meta-platforms-stock-signals/) **long** · [Apple](https://aitrading67.com/en/apple-stock-signals/) **long** · [Amazon](https://aitrading67.com/en/amazon-stock-signals/) **short** · [Ferrari](https://aitrading67.com/en/ferrari-stock-signals/) **long** · [Enel](https://aitrading67.com/en/enel-stock-signals/) **long** · [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/) **long** · [Chevron](https://aitrading67.com/en/chevron-stock-signals/) **long** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🛢️ MACRO The day's driver ## Oil price slides: crude deflates and Europe breathes Friday's macro story was the retreat in oil. Brent shed about 4% towards 96.8 dollars, its widest one-day fall since late June, with US crude following. The move was pinned on hopes of talks between Washington and Tehran after the escalation earlier in the week. One caveat is owed here: reporting on the Iranian file is mixed across sources, and the political reconstruction deserves care. The price reaction, by contrast, was unambiguous. The relief landed squarely on European equities, all higher: the DAX up 1.36%, the FTSE MIB up 0.95%, the FTSE 100 up 0.91% and the CAC 40 up 0.88%. Wall Street fared worse, with the [SPY](https://aitrading67.com/en/sp-500-etf-signals/)Long only just above water and the [QQQ](https://aitrading67.com/en/nasdaq-100-etf-signals/)Short still carrying the weight of semiconductors and of the fear around AI capital spending — the same fear that on Thursday wiped roughly 800 billion dollars off the megacap tech complex. The gold price barely moved, up 0.2%, the dollar held with the euro at 1.137, and the VIX slipped to 18.6: a calm reading that the SKEW index, the tail-risk gauge, keeps contradicting with a warning of latent stress. The European Central Bank had already held on Thursday 23, with the deposit rate at 2.25% and a unanimous decision; attention now moves to the Federal Reserve on Wednesday and the Bank of England on Thursday. Cheaper Brent is good news for inflation and bad news for the oil majors: [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/)Long and [Chevron](https://aitrading67.com/en/chevron-stock-signals/)Long close the week with their own numbers on Friday, and our signal is long on both while the commodity that feeds their margins is deflating. That divergence belongs at the top of the page, because it is the first thing to watch in the days ahead. **How I read it**Crude did in one session what central banks spend months attempting: it took pressure off prices. In index technical analysis that shows up as tidier price action in Europe than in the United States, and for anyone running a swing trading horizon the level that counts is the weekly holding, not Friday's closing decimal. Our system · [SPY](https://aitrading67.com/en/sp-500-etf-signals/) **long** · [QQQ](https://aitrading67.com/en/nasdaq-100-etf-signals/) **short** · [Exxon Mobil](https://aitrading67.com/en/exxon-mobil-stock-signals/) **long** · [Chevron](https://aitrading67.com/en/chevron-stock-signals/) **long** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🇺🇸 UNITED STATES Earnings season ## The beat that got punished anyway [Intel](https://aitrading67.com/en/intel-stock-signals/)Short delivered the most instructive case of the week: Intel stock fell even though the second quarter came in comfortably ahead — revenue of 16.1 billion dollars, up 25% year on year and the fastest growth in roughly fifteen years, with adjusted earnings of 0.42 dollars a share against 0.21 expected — and the stock had jumped 13% in after-hours trade. It closed Friday down 7.9%. The reversal has a precise name: capital spending above 20 billion and a net loss of 11 billion. In this phase the market reads the spending line before the revenue line, and the punishment lands even on an excellent quarter. The same thread runs through two more names. [Alphabet](https://aitrading67.com/en/alphabet-stock-signals/)Short fell 7% in the reaction to its 22 July results, guilty of lifting 2026 capital expenditure to a range of 195 to 205 billion; [Tesla](https://aitrading67.com/en/tesla-stock-signals/)Short comes out of its worst week since 2022 after earnings of 0.33 dollars a share against 0.50 expected, despite record revenue on deliveries, with Piper Sandler cutting its target to 450 dollars. Our weekly signal is short on all three and the session bore it out. On the other side sit the companies that monetise artificial intelligence rather than fund it. [Salesforce](https://aitrading67.com/en/salesforce-stock-signals/)Short gained 4.3% and [ServiceNow](https://aitrading67.com/en/servicenow-stock-signals/)Short around 6% on enterprise and government contracts, including a 1.6 billion agreement with the US veterans department; [Oracle](https://aitrading67.com/en/oracle-stock-signals/)Short advanced after winning a ten-year Pentagon contract worth up to 7 billion. Our model is still short all three, and all three rose on Friday: we state it without hedging, because the weekly signal has not turned and one strong session does not turn it. Rounding off the picture, [Apple](https://aitrading67.com/en/apple-stock-signals/)Long was the best megacap of the day at plus 3.5%, on a Baird upgrade that prices its capital-light approach to artificial intelligence as a defensive asset, ahead of results on 30 July. **How I read it**The implicit rule of this season is blunt: spenders get sold, collectors get bought. In the technical analysis of Intel and Alphabet the weekly price action confirms our short stance; on Salesforce, ServiceNow and Oracle we are on the wrong side of Friday's move, and the disciplined response is to watch and wait for the weekly to align rather than chase a 6% day. Our system · [Intel](https://aitrading67.com/en/intel-stock-signals/) **short** · [Alphabet](https://aitrading67.com/en/alphabet-stock-signals/) **short** · [Tesla](https://aitrading67.com/en/tesla-stock-signals/) **short** · [Salesforce](https://aitrading67.com/en/salesforce-stock-signals/) **short** · [ServiceNow](https://aitrading67.com/en/servicenow-stock-signals/) **short** · [Oracle](https://aitrading67.com/en/oracle-stock-signals/) **short** · [Apple](https://aitrading67.com/en/apple-stock-signals/) **long** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🇺🇸 UNITED STATES Outside technology ## Scattered results: energy celebrates, defence splits Away from technology the quarterly results told very different stories. [American Express](https://aitrading67.com/en/american-express-stock-signals/)Short saw its stock lose around 5%: earnings per share beat at 4.53 dollars, but revenue of 19.64 billion fell short of consensus, and even full-year revenue guidance lifted to 10% growth could not rescue the session. [Charles Schwab](https://aitrading67.com/en/charles-schwab-stock-signals/)Long, by contrast, went nowhere after a record quarter with earnings per share up 42% and revenue of 7.07 billion: when the good news is already in the price, the good news stops moving the price. In energy the standout was [SLB](https://aitrading67.com/en/slb-stock-signals/)Long, the best performer in the S&P 500 at plus 10.4% on a clean quarter of 8.97 billion in revenue: our signal there is long and the day rewarded it outright. [Halliburton](https://aitrading67.com/en/halliburton-stock-signals/)Short was also firm earlier in the week, and there we are on the opposite side: our model is short a stock that has run with the rest of oilfield services, and that position needs close supervision. Defence had already filed its results at the start of the week: [Lockheed Martin](https://aitrading67.com/en/lockheed-martin-stock-signals/)Long up 10% and [RTX](https://aitrading67.com/en/rtx-stock-signals/)Long up 7% on beat-and-raise quarters with record backlogs, while [Northrop Grumman](https://aitrading67.com/en/northrop-grumman-stock-signals/)Short fell 5.6% despite its own beat, penalised by programme costs: three names in one sector, three outcomes, and our signals were aligned on all three. [Honeywell](https://aitrading67.com/en/honeywell-international-stock-signals/)Long added 6.4% on its debut as a pure-play automation company after the aerospace spin-off, and [Eli Lilly](https://aitrading67.com/en/eli-lilly-and-stock-signals/)Long ranked among healthcare's leaders on positive late-stage obesity data. **How I read it**The dispersion tells you the market has stopped buying sectors wholesale and gone back to reading balance sheets one at a time. That is the environment where technical analysis earns its keep, because the weekly signal filters the noise of knee-jerk reactions: on SLB, Lockheed, RTX and Honeywell our long stance travelled with the move, on Halliburton it did not. Our system · [American Express](https://aitrading67.com/en/american-express-stock-signals/) **short** · [Charles Schwab](https://aitrading67.com/en/charles-schwab-stock-signals/) **long** · [SLB](https://aitrading67.com/en/slb-stock-signals/) **long** · [Halliburton](https://aitrading67.com/en/halliburton-stock-signals/) **short** · [Lockheed Martin](https://aitrading67.com/en/lockheed-martin-stock-signals/) **long** · [RTX](https://aitrading67.com/en/rtx-stock-signals/) **long** · [Northrop Grumman](https://aitrading67.com/en/northrop-grumman-stock-signals/) **short** · [Honeywell](https://aitrading67.com/en/honeywell-international-stock-signals/) **long** · [Eli Lilly](https://aitrading67.com/en/eli-lilly-and-stock-signals/) **long** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🇮🇹 MILAN Banking consolidation ## Italian stock market: two board meetings and a thirty-billion offer Milan ran on the sector's theme of the year, banking consolidation, and financials pulled the index higher on Friday: [BPER](https://aitrading67.com/en/bper-banca-stock-signals/)Long led the FTSE MIB with a gain of 2.75%, followed by [Intesa Sanpaolo](https://aitrading67.com/en/intesa-sanpaolo-stock-signals/)Long at 2.5%, [Mediobanca](https://aitrading67.com/en/mediobanca-stock-signals/)Long at 2.17%, [Monte dei Paschi](https://aitrading67.com/en/monte-dei-paschi-stock-signals/)Long at 2.14% and [Banco BPM](https://aitrading67.com/en/banco-bpm-stock-signals/)Long at 2.05%. The corporate picture is as tangled as the chart is clean. Intesa has filed with the market regulator a cash-and-share offer worth roughly 30.6 billion euros for Monte dei Paschi, while Banco BPM has floated a merger of equals with the same target. The two dates that matter fall two days apart — the Banco BPM board on Tuesday 28 and the Monte dei Paschi board on Thursday 30 — and behind them sits the Mediobanca-Generali file, with a 13.2% stake in the insurer passing to Siena through the offer on Piazzetta Cuccia, due to close in the third quarter. A separate chapter for [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/)Long, which posted the best half-year in its history with net profit close to 6.3 billion and full-year 2026 ambition raised above 11 billion. The stock had shed 4.7% on Thursday to profit-taking before recovering on Friday, helped by Barclays lifting its target to 90.20 euros. Our weekly signal is long on all six banking names, and these are trades that have been running for weeks. **How I read it**On Italian banks our model is aligned with the move right across the board, and that is precisely when the question changes shape: with positions in profit for weeks and two board meetings on the calendar, technical analysis matters less for deciding whether to enter and more for deciding where to protect. In swing trading, managing a mature trade weighs as much as timing the entry. Our system · [BPER](https://aitrading67.com/en/bper-banca-stock-signals/) **long** · [Intesa Sanpaolo](https://aitrading67.com/en/intesa-sanpaolo-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** · [UniCredit](https://aitrading67.com/en/unicredit-stock-signals/) **long** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🇮🇹 MILAN Beyond the banks ## STM, Moncler and Poste stock: the other side of the board [STMicroelectronics](https://aitrading67.com/en/stmicroelectronics-stock-signals/)Short gave up another 2.41% on Friday after Thursday's 15% slide: growing numbers, guidance judged weak, and the market did the rest. In luxury, [Moncler](https://aitrading67.com/en/moncler-stock-signals/)Short lost around 8% after results, with Jefferies cutting its target to 53 euros and keeping a wait-and-see rating. Our signal was already short on both before the drop. The worst performer on the main board was [Poste Italiane](https://aitrading67.com/en/poste-italiane-stock-signals/)Short was the worst of the main board, its stock down 3.65%: a half-year billed as a record triggered profit-taking, a script that has become familiar this season. Here too our model was already positioned to the downside. In the green, [Leonardo](https://aitrading67.com/en/leonardo-stock-signals/)Short added 1.2% after the chief executive hinted that another country could join the next-generation fighter programme within twelve months: here we sit on the opposite side, our signal is short on a stock that rose, and it needs saying without varnish. [Saipem](https://aitrading67.com/en/saipem-stock-signals/)Long was supported by a Rothschild target increase to 5.8 euros with a buy rating. [Eni](https://aitrading67.com/en/eni-stock-signals/)Long closed just below the line at minus 0.7% as Brent retreated, ahead of its quarter on Wednesday 29: our signal is long while the commodity moved against it, another point to supervise this week. **How I read it**Milan is running two markets at once: banks bid up on consolidation, and everything else paying for its guidance. In the technical analysis of STMicroelectronics and Moncler the weekly price action was already deteriorating before the numbers landed, and that kind of confirmation is what makes a decline readable rather than surprising. On Leonardo, the session went against us. Our system · [STMicroelectronics](https://aitrading67.com/en/stmicroelectronics-stock-signals/) **short** · [Moncler](https://aitrading67.com/en/moncler-stock-signals/) **short** · [Poste Italiane](https://aitrading67.com/en/poste-italiane-stock-signals/) **short** · [Leonardo](https://aitrading67.com/en/leonardo-stock-signals/) **short** · [Saipem](https://aitrading67.com/en/saipem-stock-signals/) **long** · [Eni](https://aitrading67.com/en/eni-stock-signals/) **long** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🇪🇺 EUROPE London and the continent ## An insurer in Singapore and a German carmaker in trouble The heaviest corporate story of the weekend runs along the London-Munich axis: [Allianz](https://aitrading67.com/en/allianz-stock-signals/)Long is buying the Singapore life arm of [HSBC](https://aitrading67.com/en/hsbc-stock-signals/)Long for about 2.1 billion dollars, with an exclusive fifteen-year bancassurance agreement attached. For the German group it is the strategic entry into Singapore after the failed attempt on Income Insurance; for the British bank, up 1.7%, it is another step in trimming back towards the Asian core. Our model is long on both and the news pushed the same way. In the United Kingdom defence kept the FTSE 100 supported on the back of the national investment plan, while the energy majors [Shell](https://aitrading67.com/en/shell-stock-signals/)Long and [BP](https://aitrading67.com/en/bp-stock-signals/)Long tracked crude lower: our signal is long on both and the session went the other way, exactly as with their American peers. The London calendar fills up immediately, with [AstraZeneca](https://aitrading67.com/en/astrazeneca-stock-signals/)Short due on Monday and [GSK](https://aitrading67.com/en/gsk-stock-signals/)Long on Tuesday: two pharmaceutical results arriving on opposing weekly signals. In Germany the DAX was carried by [SAP](https://aitrading67.com/en/sap-stock-signals/)Short, with cloud backlog growing 26 to 27%, even after the group cut its operating profit guidance on acquisition dilution: our signal remains short while the stock pulls the index, and this is the second consecutive week we have flagged it. At the opposite end, Volkswagen fell 2.4% with operating profit down 9.5%, deliveries down 8.6% on the Chinese collapse and expected revenue revised lower; the carmaker is not among the names we cover with a dedicated page and we mention it as a benchmark. **How I read it**Europe keeps acting as a shock absorber when the United States sheds risk, and softer oil helps import-heavy markets. In the price action of the large insurers and continental banks the structure stays orderly; on the European oil majors, though, our long positioning is rowing against the commodity, and that is the front to keep open. Our system · [Allianz](https://aitrading67.com/en/allianz-stock-signals/) **long** · [HSBC](https://aitrading67.com/en/hsbc-stock-signals/) **long** · [Shell](https://aitrading67.com/en/shell-stock-signals/) **long** · [BP](https://aitrading67.com/en/bp-stock-signals/) **long** · [AstraZeneca](https://aitrading67.com/en/astrazeneca-stock-signals/) **short** · [GSK](https://aitrading67.com/en/gsk-stock-signals/) **long** · [SAP](https://aitrading67.com/en/sap-stock-signals/) **short** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🚀 FRONTIERS Space, China, crypto ## Starship flew, the shares stayed on the ground The weekend's event came from the sky: the thirteenth Starship test flight succeeded, the first since the June listing, deploying twenty next-generation satellites and relighting the engines in orbit. The share reaction — the company is not among the names we cover with a dedicated page, so we name it in plain text — has been muted so far: the market keeps watching cash burn ahead of engineering milestones, and it will be one of the names to observe at the open. In the jitters before the launch, [Rocket Lab](https://aitrading67.com/en/rocket-lab-stock-signals/)Short had dropped about 7% on Friday, in line with our short signal. In China, [Alibaba](https://aitrading67.com/en/alibaba-stock-signals/)Long remains supported by artificial-intelligence catalysts: its models have been cleared to power Apple's voice assistant features in the country, with the prospect of limited access to the high-end [Nvidia](https://aitrading67.com/en/nvidia-stock-signals/)Short processors destined for the Chinese market. It is one of the rare cases where a single headline works in favour of a long position and a short one at the same time, for different reasons. In crypto, [Coinbase](https://aitrading67.com/en/coinbase-global-stock-signals/)Short and [Strategy](https://aitrading67.com/en/strategy-stock-signals/)Short had rallied earlier in the week, up 11% and 5% respectively, the latter on a fresh buyback plan, with bitcoin holding its ground. Our model is short both and that rally went against us: the weekly has not turned, but these are two positions to watch closely, all the more so with Coinbase reporting on Thursday 30. **How I read it**Money here stays selective and volatility is high, which makes weekly technical analysis more useful than the news flow: an engineering success does not move a balance sheet, and a two-day rally does not validate a reversal. The short positions across crypto and space stand, with a hand on the protective level. Our system · [Rocket Lab](https://aitrading67.com/en/rocket-lab-stock-signals/) **short** · [Alibaba](https://aitrading67.com/en/alibaba-stock-signals/) **long** · [Nvidia](https://aitrading67.com/en/nvidia-stock-signals/) **short** · [Coinbase](https://aitrading67.com/en/coinbase-global-stock-signals/) **short** · [Strategy](https://aitrading67.com/en/strategy-stock-signals/) **short** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. 🇧🇷 BRAZIL The one board in the red ## The Ibovespa pays crude's bill Brazil was the only major market moving the other way: the Ibovespa lost 1.52% to close at 174,042 points, importing risk aversion from Wall Street and taking the full force of the drop in crude, with the real around 5.09 to the dollar and the policy rate on hold at 14.25%. Among financials, [Banco do Brasil](https://aitrading67.com/en/banco-do-brasil-stock-signals/)Short led the decliners at minus 2.77%, consistent with our short signal, while [Itaú Unibanco](https://aitrading67.com/en/itau-unibanco-stock-signals/)Long held its loss to 1.08%: here we are long a stock that fell, and we flag it. In utilities [CPFL Energia](https://aitrading67.com/en/cpfl-energia-stock-signals/)Long shed 2.44% inside a sector down more than 3%, another divergence from our long stance, and [Petrobras](https://aitrading67.com/en/petroleo-brasileiro-san-paolo-stock-signals/)Long fell 1.72% with oil. Steel bucked the trend, supported by mining: [Gerdau](https://aitrading67.com/en/gerdau-stock-signals/)Long gained 0.83% and CSN 1.13% — the latter is not among the names we cover with a dedicated page — while [Vale](https://aitrading67.com/en/vale-stock-signals/)Short limited its decline to 0.58%. On the corporate side, Embraer reported over the weekend a record quarterly backlog of 34.5 billion dollars: the aircraft maker also sits outside our coverage and we cite it for completeness. **How I read it**The Brazilian board still trades as a derivative of two external variables, crude and American risk appetite. In terms of price action trading the iron-ore names are holding better than the energy ones, and that is where our long positions rest on firmer ground; on Itaú and CPFL, Friday put us on the wrong side of the move. Our system · [Banco do Brasil](https://aitrading67.com/en/banco-do-brasil-stock-signals/) **short** · [Itaú Unibanco](https://aitrading67.com/en/itau-unibanco-stock-signals/) **long** · [CPFL Energia](https://aitrading67.com/en/cpfl-energia-stock-signals/) **long** · [Petrobras](https://aitrading67.com/en/petroleo-brasileiro-san-paolo-stock-signals/) **long** · [Gerdau](https://aitrading67.com/en/gerdau-stock-signals/) **long** · [Vale](https://aitrading67.com/en/vale-stock-signals/) **short** Position from the latest published weekly analysis. Levels, targets and the trade plan are in each ticker's page. --- The desk's take ## Seventy-two hours that can redraw the ground Between Wednesday afternoon and Thursday evening the market takes delivery of two things at once: the American central bank's stance on rates, and the outlook from four companies that between them account for an enormous slice of the indices. Understanding trading in a week like this means accepting that the reaction matters as much as the number: it is a concentration of information capable of shifting the ground in five sessions more than the whole of July managed, and the week just ended has already shown the yardstick those outlooks will be measured against. Deflating crude works on two tables at the same time. It takes pressure off inflation, which helps anyone hoping for a softer central bank, and it takes support away from the energy names in the very week the two American majors report. That is why our long positions in that complex are the most exposed part of the picture today, and we have said so in three separate sections above. The lesson of the week, though, remains Intel's: revenue up 25%, earnings per share double the estimate, and a stock that closed nearly eight points lower. In this phase, beating expectations protects nobody. What the giants say about the coming quarters will decide the direction, and for anyone working to a method the only sensible answer is to have the levels set before they speak, rather than improvised afterwards. **What you find here.** If you are looking for **how to manage risk in trading** — stops, breakeven stops, trailing, and from this week the declaration of stops taken — or for **trading chart patterns explained** (double bottoms, Bollinger bands, the Ichimoku cloud, price action), this is the desk's **trading journal**: published every morning before the US premarket, with our model's position on every name mentioned. **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. Sources [1Wall Street's session on Friday 24 Julyfinance.yahoo.com](https://finance.yahoo.com/markets/live/stock-market-today-friday-july-24-dow-sp-500-nasdaq-081854465.html) [2Futures rebound as oil retreatsthestreet.com](https://www.thestreet.com/stock-market-today/stock-market-today-july-24-2026-dow-futures-rebound-as-oil-retreats-after-market-sell-off) [3Intel: why the stock fell despite the quarterfool.com](https://www.fool.com/investing/2026/07/24/why-did-intel-stock-drop-friday/) [4The numbers behind Intel's second quartercnbc.com](https://www.cnbc.com/2026/07/23/intel-intc-earnings-report-q2-2026.html) [5ServiceNow and Salesforce on government deals247wallst.com](https://247wallst.com/investing/2026/07/24/servicenow-surges-6-salesforce-climbs-4-as-government-ai-deals-lift-enterprise-software/) [6Oracle and the ten-year Pentagon contractcnbc.com](https://www.cnbc.com/2026/07/23/stock-market-today-live-updates.html) [7Apple on upgrades and Chinese approvalmacdailynews.com](https://macdailynews.com/2026/07/24/apple-stock-surges-over-3-on-analyst-upgrades-china-ai-approval-and-pre-earnings-optimism/) [8The Federal Reserve's July meetingcbsnews.com](https://www.cbsnews.com/news/fed-interest-rate-decision-july-meeting/) [9The ECB holds rates in a unanimous decisionbloomberg.com](https://www.bloomberg.com/news/videos/2026-07-23/lagarde-says-ecb-s-decision-to-hold-rates-was-unanimous-video) [10China's central bank keeps benchmark rates steadyfxstreet.com](https://www.fxstreet.com/news/pboc-holds-loan-prime-rates-steady-in-july-202607200115) [11Gold and precious metals on 24 Julyusagold.com](https://www.usagold.com/daily-precious-metals-market-report-july-24-2026/) [12A snapshot of US Treasury yieldsadvisorperspectives.com](https://www.advisorperspectives.com/dshort/updates/2026/07/24/treasury-yields-snapshot-july-24-2026) [13Tesla slides on an earnings miss despite record deliveries247wallst.com](https://247wallst.com/investing/2026/07/23/tesla-slides-8-on-earnings-miss-despite-record-deliveries-rivian-lucid-slip/) [14American Express, the quarter and the premium strategyinvesting.com](https://www.investing.com/news/company-news/american-express-q2-2026-slides-premium-strategy-drives-growth-93CH-4812063) [15Charles Schwab: a record quarter, no reactionfinance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/charles-schwab-july-earnings-reveal-151724320.html) [16SLB posts strong results and the shares surgegurufocus.com](https://www.gurufocus.com/news/8978290/slb-reports-strong-q2-earnings-shares-surge-104) [17Lockheed Martin, RTX and Northrop Grumman on results247wallst.com](https://247wallst.com/investing/2026/07/23/lockheed-martin-rockets-10-rtx-jumps-7-on-beat-and-raise-quarters-and-record-backlogs/) [18Honeywell after the aerospace spin-offtikr.com](https://www.tikr.com/blog/honeywell-technologies-nasdaq-stock-pop-6-after-beating-q2-estimates-and-lifting-earnings-outlook) [19The pharmaceutical round-up for 24 Julymmm-online.com](https://www.mmm-online.com/news/five-things-for-pharma-marketers-july-24-2026/) [20Commentary on the Milan sessionsoldionline.it](https://www.soldionline.it/notizie/azioni-italia/borsa-italiana-commento-giornata-24-luglio-2026) [21The competing plans around Monte dei Paschi and Banco BPMmilanofinanza.it](https://www.milanofinanza.it/news/mps-banco-bpm-ecco-i-piani-di-lovaglio-e-castagna-per-evitare-l-opas-di-intesa-sanpaolo-202607242029054158) [22UniCredit's record half-yearquotidiano.net](https://www.quotidiano.net/economia/unicredit-semestre-record-82ced5a4) [23The slides in STMicroelectronics and Monclerteleborsa.ansa.it](https://teleborsa.ansa.it/notiziario/finanza/piazza-affari-maglia-nera-in-europa-con-tonfi-di-stm-e-moncler/) [24Allianz to buy HSBC's Singapore life armcnbc.com](https://www.cnbc.com/2026/07/24/allianz-to-buy-hsbcs-singapore-insurance-unit-for-2billion.html) [25The FTSE 100 lifted by financialsmarketscreener.com](https://www.marketscreener.com/news/london-s-ftse-100-as-hsbc-lifts-financial-stocks-middle-east-tensions-linger-ce7f51dfdd88f72c) [26European shares between earnings and tensionsmoney.usnews.com](https://money.usnews.com/investing/news/articles/2026-07-24/european-shares-steady-as-markets-assess-earnings-middle-east-tensions) [27SAP's second-quarter resultsnews.sap.com](https://news.sap.com/2026/07/sap-announces-q2-and-half-year-2026-results/) [28Volkswagen cuts its 2026 revenue outlookinvesting.com](https://www.investing.com/news/earnings/volkswagen-cuts-2026-revenue-outlook-on-china-weakness-tariff-risks-4810524) [29The thirteenth Starship test flightcnbc.com](https://www.cnbc.com/2026/07/24/spacex-launches-massive-starship-rocket-in-first-test-flight-since-ipo.html) [30The space complex ahead of the launch247wallst.com](https://247wallst.com/investing/2026/07/24/spacex-drops-5-rocket-lab-falls-7-ast-spacemobile-slides-4-as-jittery-market-awaits-tonights-crucial-test-flight/) [31Ibovespa and the real in the 24 July sessionriotimesonline.com](https://www.riotimesonline.com/brazil-markets-ibovespa-real-friday-july-24-2026/) [32Embraer and the record backlogriotimesonline.com](https://www.riotimesonline.com/embraer-second-quarter-2026-record-backlog/)