Dow Jones Futures Decline as Brent Crude Tops $100; Apple iPhone Event and New AMD, HPE Buy Ratings in Focus

AAPL fell more than 3% in the last session, with the price dropping below both its 20-day and 50-day moving averages. The RSI is in weak territory at 37.8, while the MACD is below the signal line and negative, indicating bearish short-term momentum. The broader market decline and Brent crude oil surpassing $100 could negatively impact risk appetite. If Apple's iPhone event fails to meet expectations, or if expectations are already priced in, additional pressure may be placed on the stock. Therefore, the likelihood of continued downward movement in the short term (1-3 days) appears high.

The Dow Jones index is already in a short-term downtrend, with RSI at 36 indicating weak momentum and MACD negative. Brent crude surpassing $100 could create inflationary and cost pressures, potentially negatively impacting the stock market. Apple's event and news from AMD and HPE may generate sector-specific movement but could remain limited in effect on the overall index. Technical indicators and macroeconomic news flow suggest that downward pressure may persist in the near term.

Brent crude surpassing $100 and an RSI at 69 indicate that the market is approaching overbought territory in the short term. The MACD is positive but close to its signal line, suggesting that momentum is not strong. The news headline showing Dow Jones futures declining could limit risk appetite and put pressure on oil prices. While technical indicators maintain an upward trend, a sideways movement or a minor correction is possible in the short term. Therefore, as there is no clear directional signal, a neutral outlook is highlighted.

AMD shares have surged 10.8% in the last 24 hours, with the RSI at 75.5, indicating overbought conditions. The MACD is positive, but this excessive rally could trigger profit-taking in the short term. A decline in Dow Jones futures and Brent crude oil surpassing $100 could negatively impact risk appetite. While Apple's event and AMD's recent acquisitions are positive, technical indicators suggest the stock is overheated. Therefore, a slight pullback can be expected within 1-3 days.