It's been awhile since we've had an earnings trade, please remember earnings are always a wild card and always speculative trades and your risk management should reflect that.
Now, INTC...
INTC daily the recent run has been negative on 3C charts.
30 min chart, another run up that is not confirmed, but negatively divergent
15 min chart, speaks for itself
and the 10-mn chart, looks like distribution into the highs
The one thing to keep n mind as a caveat is the recent sector rotation out of tech. However, the INTC 15 min chart looks a lot worse then the SPY.
Also remember that 3C is not predicting a beat or a miss, but rather the most likely performance of INTC, thus they can beat and still react badly, be careful with knee jerk after hours reactions.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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