NDX Extends Rally on Cooler PPI; IBM (IBM) Lags at Strong-Sell Signal
What happened
The Nasdaq 100 extended its advance on July 15, 2026, after U.S. Producer Price Index data came in below consensus expectations, easing near-term inflation concerns and lifting broad technology sentiment. Market breadth ran positive on the session, with advancing issues outnumbering decliners. IBM shares traded near $216.86, down 0.14% on the day, underperforming the index's upward move despite the macro tailwind provided by the softer inflation print.
The QL Read
Even with 62.7% of issues advancing and a constructive PPI backdrop, IBM's QuantLogix composite sits at 30/100 (Strong Sell) — a signal that has not tracked the broader risk-on rotation. Watch whether sustained NDX momentum causes IBM's momentum factor to inflect off current lows.
Source:
Investing.com — "Nasdaq Forecast: NDX Extends Gains After Cooler PPI" — 2026-07-15T13:35:00Z
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