Posted by 16 April 2008

Watchlist for April 16, 2008

Things are looking good for the bulls this morning. Intel had a good earnings report last night and this morning’s CPI seems to be a non-factor. On Today’s Calendar: 10:30 — Crude Inventories 2:00 — Fed’s Beige Book More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: It’s [...]

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Posted by 30 July 2007

Some Charts I’m Watching

As I type this we’re set for a bounce this morning. Many traders would prefer to see a weak morning followed by a strong close in order to hopefully flush out the last of the sellers. It doesn’t seem like that going to happen today. Anyway, here are some charts I’ll be watching closely over [...]

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Posted by 31 May 2006

Chart Request: Intel Corp. (INTC)

Eric wants to know if I think Intel is due for a bounce. My answer is ‘probably’. Although I see little in the chart to make me bullish I can see Intel moving back toward 19. Sellers appear to be exhausting themselves around the 18 level. The stock is oversold on the weekly (and slower [...]

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Posted by 18 May 2006

AMD Continues to Eat Intel’s Lunch

I just saw the news about Dell beginning to use AMD processors. It reminded me of the post I made back in October 2005 about an AMD/Intel pairs trade. Someone asked me about (gasp!) shorting AMD and going long INTC. I said I’d reverse that. Some Intel bulls chimed in talking about how Intel was [...]

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Posted by 18 January 2006

January 18, 2006 Stock Market Recap

Well the day didn’t turn out to be quite as bad as advertised this morning. The dip buyers rushed in first thing in the morning and provided pretty good support for the market. The S&P 500 looks surprisingly good to me given all the negativity in the air. I’m starting to see some attractive longs [...]

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