NMS Investment Research

  The SET index is stuck under its 50-day EMA as political uncertainties rise and big changes in Thai politics emerge. As long as everything can be settled at the table and not in the streets of Bangkok, the index will continue to climb over the "wall of worries". The next resistance to watch is 1,546.62. This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

  Tesla bulls were scratching their heads and trying to figure out why their stock was tanking on Wednesday , following the Tesla Q2 2023 earnings announcement. According to CNBC, Tesla continues to dominate the U.S. EV market with a 60% market share, but it came down 10 percentage points from the same period last year, as pressures from competitors intensify. Elon Musk reassured investors at the earnings call that "Tesla Cybertruck demand so far off the hook, you can't even see the hook". Technically, the stock could bounce off from here or head down to retest its 50-day EMA , or the key resistance level at $ 248.70. This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

  The S&P 500 rotated out of the tech sector s into the beaten-down sectors, such as healthcare, financials, utilities and energy, in anticipation of another 25-basis point hike at the FOMC meeting on July 26,  according to the CME FedWatch Tool .  Beware though, Google and Microsoft announce earnings next week and will most likely give outlook and revenue guidance for their generative A.I. businesses. This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!