ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
We finally got the news on INTC that the market appears to have long anticipated. This morning, Intel (INTC) lowered revenue and margin guidance. Revenue guidance is now “…$11.0 billion, plus or minus $200 million, compared to the previous expectation of between $11.2 and $12.0 billion.” Margin guidance is “…now 66 percent, plus or minus … Read more
After tumbling hard last week out of severely overbought conditions (T2108 is now at a comfortably neutral 55%), the S&P 500’s slide has slowed against what looks like a sludge of apathy. Volume has quickly dried up since last Wednesday’s 2.8% loss and now stochastics suggest the S&P 500 is oversold. I suspect the stock … Read more
It took a little over a week, but Intel (INTC) finally succumbed to the anticipated retest of the old downtrend line (click for a larger view). *Chart created using TeleChart: Multiple catalysts seemed to weigh down on INTC on Tuesday: Taiwanese manufacturers of notebooks reported large drops in sales and Quanta warned it will not … Read more
For many of us, investing over the last 10 years has been much more difficult and a lot less fun than it was in the 90s. In the 90s, it was easy to accept the religion of “buy and hold”, keep the faith that assets are pre-ordained to increase in value, and drown oneself in … Read more
Earlier, I noted that Intel’s stock looked ominous given so many stocks were making bullish post-earnings reversals. On Friday, Intel (INTC) finally gave up the rest of its impressive post-earnings gains. On a day in which the market staged a relatively impressive comeback from initial selling (the NASDAQ closed marginally UP), INTC closed on its … Read more