Intel (INTC) Up Six Days In A Row

Since it's earnings announcement on April 19 Intel is up 15%, and six days in a row in the gree.  If it closes green today that would make it seven consecutive days of gains.  Excessive?  Probably, at lest in the short term, which is why I expect a pull-back to the $22 area early next […]

Intel (INTC) Important Price Resistance Area

  For the entire month of March and into early April it looked like semiconductors were trying to tell us something about their usually leading indicator ability, at least as it relates to ends of cyclical bull markets.  All of that changed however, and not when Texas Instruments (TXN) announced the acquisition of National Semiconductor […]

Intel (INTC) To Rally Much Higher?

After yesterday's large rally in INTC, the semiconductor complex almost completely destroyed a very bearish chart pattern in many semiconductor stocks, as well as in the SMH ETF.   The point here is not so much to look into the details of the daily chart but noticing how hard INTC bounced off the $19 area, […]

Morning Line-Up: Trading Plan For Today April 21

This is the opening summary of the Premium Members Morning Line-Up Newsletter that I publish daily, along with the Mid-Day Update and the Martini-Hour Thoughts.  The actual newsletter includes much more detail, such as exact trade setups with entry points, stops and limits, and tons more.   Morning Line-Up                           Thursday, April 21                                                                       Good […]

Semiconductors Are Messing With A Bearish Pattern

After announcing earnings last night, Intel is up almost 7% as of this writing today.  As such it has sparked a rally in the semiconductors that led the SMH ETF to break above its 50 day movnia average and above the key 61.8% Fibonacci retracement level.  Individual names like CY and AMAT still have their […]

Pre-Market Notes – Tuesday March 29th

Pre-Market Notes – March 29th   With the SPX right at (but above) the 50 dma, yesterday was a bit of a lazy session.  Investors need some rest here to digest the wild swings from the past two weeks.  At the same time it is quarter end (3 trading sessions left) this week so I would think the swings […]

Semiconductors (SMH) May Trade Lower

After trading up in a nice and night upward channel from September 2010 until early March of this year, the semiconductors swiftly sold off by the tune of almost 10% in just eight trading sessions.  From quick move down, the SMH has now retraced (moved up) a little over 50%, which also coincides with the […]

Intel May Have Room Higher In The Near-Term

  Intel (NASDAQ: INTC), the world’s largest semiconductor chip maker has a confluence of positive signals currently that may offer a good long-side opportunity for traders.  Besides the solid technical picture, the company currently sports a 7.5 times 2012 price/earnings ratio, a 4% dividend yield and net cash on its balance sheet of around $10 […]

Semiconductors Slipping Lower Again?

I talked about it much lately and it's a big topic in the steadytrader.com chat-room and newsletters.  Today AMAT and CY are slipping yet INTC is holding up well.  Be that as it may, the SMH is down 0.90%, which isn't much, but so far the 61.8% retracement levbel near $35.10 has held as resistance. […]

INTEL (INTC) Better Entry Level

After the huge move up since its earnigns announcement on April 19th, INTC is now coming into more attractive long-side entry levels as it's pulling back to near the mid $22s. From the weekly chart below you can see the multiyear narrowing trading range (light blue dotted lines), which could serve as an area of […]