Friday, April 29, 2016

Intel the Tell

Well lately when I look into your eyes
I'm going down
--Bruce Springsteen

Am watching Intel (INTC) as a downside tell. After shrugging off bad earnings news last week, the stock has been leaking. This am it opened below both its 50 and 200 day moving averages.

If it gets moving lower from here, 28 seems the level of lore.

And the tape will likely move in lockstep.

position in INTC, SPX

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