Intel just lit a fire under the futures this morning. The NASDAQ futures have jumped from -2 to +19 after Intel raised their third quarter guidance. Should be a wild one today.
Fire in the Hole!
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Wild is an understatement! Normally, I would be pounding out TAPS right now, but I know the bulls ain't giving up the ghost this easily with today's super-fade. The set-up for a wild Fall (Sept-Nov or so) is certainly just about complete.
This rally is over. That was it. Panic buying.