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 hard to find many stocks [...]

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 [...]

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 [...]

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 [...]

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 [...]

Ah, the fun of earnings season begins. Today was a strange day in that most of the movement happened in extended hours trading. We had a gap down in the morning (supposedly) due to rising oil prices, weak overseas markets and jitters about upcoming earning reports. The intraday action was choppy and [...]

Here are three charts to go with the differing views on Intel expressed in our Sunday morning debate over whether the stock is broken or not:

Tags: Elliot-Wave, Intel-Corp-(INTC), Pairs-Trading, Technical Analysis

Long Intel and Short AMD? Not for me, I’ll take the other side(s) of that trade.

I was all ready to write about all the shooting stars made today but Intel has launched the market (Nasdaq) into orbit and obliterated the shooting stars. This will finally get the SOX moving away from its 200-day moving average. It may be a wild one tomorrow if the jobs report is decent. [...]

It’s probably pointless to do a recap of today’s action, especially on the NASDAQ, because Intel is weighing heavily on the market in the after-hours session. They just cut their Q3 revenue & gross margin guidance. The QQQ has given back all of its late afternoon rally and I see a lot of [...]