NFTRH+; Intel Earnings

All I knew was the chart’s potential to break 14 year resistance and the chip giant’s goal to actually do something substantive in the mobile chip market.  But this PC demand stabilization is a bonus.  Mobile is still out there with only Intel’s execution into the space at issue.

INTC monthly from original NFTRH+ highlight (pre-breakout)

This morning’s headlines…

Intel earnings up 40%, offers strong outlook

Intel Q2 earnings: Data Center strength, PC stabilization

Intel upgraded to buy from neutral at UBS

Intel price target raised to 37 from 31 at Piper Jaffrey [try 40+]

Intel is booming… etc.

Not all trades work well. Indeed I had to ‘stop’ a trade in platinum for a much reduced profit, and a trade in LSCC for a loss.  But in this racket you need to get more winners than losers (check) and when the situation is right, let ‘em run a bit.  Intel is running (on 7 of its 8 potential cylinders).  Mobile would be the 8th.

Also, what is good for Intel is not necessarily good for gold.  If anyone starts talking about the positives in large global corporations as stimulating China and Indian demand, take a note.  Then hold that analyses’ feet to the fire when it doesn’t work out.  Gold needs economic contraction and maybe Intel is providing the ‘as good as it gets’ moment for the economy and markets.  Then again, maybe it isn’t.