July 15, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Cooler PPI

Please click here for a chart of ASML stock (ASML).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of ASML is being used to illustrate the point.
• ASML is important because ASML is the undisputed leader in extreme ultraviolet lithography machines.  Without ASML’s machines, none of the advanced AI chips could have been manufactured.
• The chart shows ASML stock gapping up on earnings.
• The chart shows that even after the earnings gap up, ASML is still below zone 1 (resistance).