For me, more longs have been not working than working lately. That is another sign of the market’s deterioration. So most longs are now sold and that includes Intel, which may lose support today if the current market negativity keeps up. Taking the profit on the half a position I did not sell previously. I still very much like Intel’s story, just not its stock for now; just not much of any stock right now. The market’s sponsorship indicators are giving a warning. If they reverse, I’ll reverse.
Goodbye Intel
For me, more longs have been not working than working lately. That is another sign of the market’s deterioration. So most longs are now sold and that includes Intel, which may lose support today if the current market negativity keeps up.
Disclosure:
None.





Comments
Log in or sign up to join the conversation.