Everybody's Gone Shortin' - Shortin' U.S.A.In this post I would like to put together some previous stock market calls (still valid), as well as add two more promising shorts. It's been a rough week for US stocks culminating in a clear break of the Head&Shoulders' neckline at 2045. This kind of pattern is usually referred to as "Complex H&S top" , because there are multiple peaks and its "head" is a H&S pattern itself. The traditional target is set in the 1945 area , though we expect a move of greater magnitude. There is a more traditional H&S in LinkedIn. It calls for a sizable move to the downside. Another bearish pattern is a Rising Wedge, or Ending Diagonal, in Bank of America. The first target here is $15 area, which is some 10% from here.
I'm still positioned according to previously published ideas:
Baidu
IBM
Intel
and Procter&Gamble :
All of them are currently profitable.
Best of luck, mates
INTC
$INTC - Breakout off lower band, MACD Signal, SMA200 as test.After riding the lower portion of the band during the last correction, INTC made a sharp reboun with the lower vol band and price moving back toward the top of the band, indicating a breakout. Additionally the MACD supports room to run on the break out. A failure to break the 200 day SMA would nullify this hypothesis.
Updated Intel - predict $36 to $37 in next 5 sessionsSee chart for IHS / neckline and pitchfork median line.
While elipses on median is for a longer period, the price movement / volume from today implies a rapid move to the midline and $36 to $37 resistance at $33 (the neckline) and then 34.64 ahd 35.33.
INTC Death CrossThe last time INTC's chart performed the death cross it traded from 26.60 to 19.30 in a short period, well it has happened again. Right now we are trading at 30.79 but the pressure is mounting as institutional selling has begun. This to me looks like a great short , at least until earnings in April. INTC's forward looking guidance has the stocks estimate at .42c which is down from last quarters earnings at .74c. With lack of mobile presence and technical chart issues this stock could soon be trading at 26.00.
Intel Breaks Gap Window, Headed To Gap Fill At $31.7Intel Corporation (NASDAQ:INTC) broke gap window today. Gap window is a technical support level (in this case), created by the gap up Intel had following their earnings announcement. Once this level is broken, price generally gravitates to gap fill which is the closing price on the daily chart prior to the earnings report. This will be a big support point for the stock. The Intel Corp gap fill level is $31.75. Please note the chart below.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Intel Corp Daily (23.06.2014) Technical AnalysisThe Intel Corp (NASDAQ:INTC) Daily Diagram Technical Analysis shows the following:
The (INTC) share has broken the resistance of the trend line (light blue) lately. This resistance line was over the KUMO, which means that the INTC is bullish in long term. The weekly diagram shows bullish trend but an overbought RSI. The monthly is bullish too.
So the first think in mind is that INTC solved upwards a 10years reversal pattern. The last time that Intel share worth $30 was Feb 2004 (year of Olympic Games in Athens-Greece). So this is a new age for Intel. MACD is forcing its bullish trend and RSI too. The volume is 30% over the average.
There is no special candlestick pattern. The share is over the KUMO and after the sharply rise movement it is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is a bottoming special pattern of reversal these ten years (as I mentioned above – see related link). The fib from $21.90 to $26.71 shows a step over the 1.618 at $29.68 and a 2.618 @$34.49 for a first target.
INTEL Corp Weekly (23) Chart Technical AnalysisThe Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen from $27.32 to $28.17. The MACD is clearly on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement until the first resistance around the $28. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target as I showed in last diagramm (Week 21). For a better reference see the Week 21 and Week 22 analysis.
"The $28.42 support line is a long term strong resistance. Meanwhile the stock from the year 2005 until today has a long term reversal pattern. (Personal view) - In spite of my technical analysis Intel is a world wide CPUs production corp that sells chips for servers, desktop, laptops, tablets and mobile devices. Microsoft and (before a few years) Apple too, support Intel Microprocessors via their operating systems software. I consider that Qualcomm, nVidia/AMD etc is far away of Intel's size and market depth.This is why I believe that a large scale of the near future belongs to Intel so do not be surprised if you see the stock from ($15 to $30) to reach the ($30-$45) next 2-3 years".
INTEL Corp Weekly (22) Chart Technical AnalysisThe Intel (INTC) weekly chart shows the following signs:
The Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen from $26.31 to $27.32.. The MACD is clearly on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement until the first resistance at $28. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target as I showed in last diagramm (Week 21).
Intel Corp Daily (26.05.2014) Chart Technical AnalysisThe Intel (INTC) daily chart shows the following signs:
The Price of INTC made a Long watch movement with the SPAN A of KUMO with little green candlesticks last week. The MACD is near a bullish sign and the RSI is marginally bullish. The Stock is over the EMA200.
I expect that the stock will continue the bullish movement until the first resistance at $28,68. It has the blue long term support line and it regresses into an ascending triangle from 04.02.2014.
INTEL Corp WEEKLY (21) CHART TECHNICAL ANALYSISThe Intel (INTC) weekly chart shows the following signs:
The Price of INTC made a Long movement with a green candlestick last week over the Tenkan Sen and gave a bullish signal. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the bullish movement until the first resistance at $28,32. The last long movement of the stock was from $21,85 to $25,85 giving a 1,618 fibonacci projection to $28,32 for a first target.
INTC wedge in strong uptrendMarket is choppy in 2014 with lack of continuation moves both sides. So, theme of the year is stock specifique approach. I am looking for strong stocks, buying pullbacks and support.
Intel is in strong uptrend since the beginning of 2013 year.
Now, stock is wedging. Support at $26.00 could be our stop.
Next resistance (target is $27.12 double top)
If it will break down $26 where 50 MA lies, then next buyable area could be 200MA and major trend line at $24.50-.75.