ASML Holding NV (ASML) reported solid results with continued strong demand for its advanced EUV and High-NA systems, driven by the ongoing AI buildout. While the stock had some volatility around the print (typical for a high-beta name), the overall tone was constructive, advises Danielle Shay, editor of Five Star Trader.
The company continues to highlight multi-year visibility in the logic and memory segments. This is important because ASML is a key upstream indicator for the entire semiconductor complex. When ASML stays healthy, it supports the thesis that the AI capex cycle still has legs. The reaction reinforced that the tech supply chain remains fundamentally intact.
(Editor’s Note: Danielle will be speaking at our 2026 MoneyShow Masters Symposium Las Vegas, scheduled for July 19-22. Click HERE to register.)
ASML Holding NV (ASML)
Meanwhile, here’s the most exciting technical development of the week: The Mag 7 are finally starting to break out to the upside. Multiple names are either cleanly breaking above their 50-day SMA on the daily chart or sitting right at the line with clear bullish price action and expanding volume.
This isn’t just a dead-cat bounce. We’re seeing actual follow-through and leadership returning to the names that drive the broader indices. When the Mag 7 starts reclaiming and holding above the 50 SMA together, it historically marks the beginning of the next leg higher in this bull market. We’re seeing exactly that setup develop right now.
The path of least resistance remains higher. Stay patient, stay disciplined, and let the price action guide you.
