Market Digest: IBM, PNC, ASML, BLK

Argus

•

Jul 16, 2026

Summary

While the S&P 500 and S&P 100 proceed to adjacent successful connected their aboriginal June all-time highs, the Nasdaq 100 (QQQ) remains successful a triangle, getting person and person to the apex. With each the chaotic moves wrong technology, it is astonishing that the QQQ terms scope is tightening arsenic the ETF puts successful higher lows and little highs. The ETF is astatine the aforesaid level arsenic it was 2 months ago, the regular Bollinger Bands (BBs) are cinching -- with the width of the BBs closing successful connected the tightest levels we've seen this year. When volatility tightens, it tin sometimes pb to a good-sized determination (either way) successful an scale oregon idiosyncratic stock. Technology net bash not commencement flowing heavy until the past week of July, truthful it's imaginable we spot much directionless trading. There person been immoderate decent moves successful crypto currencies this month. Of the 3 we travel (Bitcoin BTC, Ethereum ETH, and Solana SOL), ETH looks the astir interesting. They each stay successful wicked carnivore markets since BTC's October 2025 all-time high, ETH's 8/2025 peak, and SOL's 1/2025 top. On the play chart, ETH appears to person completed a five-wave diminution and is sitting close beneath its bear-market trendline. On the