INTC Follow Up

INTC was mentioned here last Friday

Just yesterday I highlighted semis relative weakness and resistance

It's little surprise INTC looks the way it does today. One little factoid, semi's/technology in general are very sensitive to interest rate hikes, they depend on low rates for R&D so the action in semis this week, especially yesterday and today could very well be correlated to the numerous hawkish statements from regional Fed presidents and voting members on the FOMC for 2011.

 INTC'S BROKEN A TOP, BUT STILL IN THE VOLATILITY ZONE.

 Today's intraday chart, INTC has been down over 2% today and the volume shouldn't be ignored.

INTC daily, 3C, TSV 55 (long term version) and MoneyStream in a leading negative divergence.

INTC is not a huge mover BETA wise, but may make some sense for a long term put.