#$intc

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Ally Financial, $ALLY, comes into the week at resistance. It has an RSI rising in the bullish zone with the MACD turning positive. Look for a push over resistance to participate…

Amgen, $AMGN, comes into the week rounding up out of a pullback. It has a RSI rising in the bullish zone and the MACD positive. Look for continuation to participate…

GE Aerospace, $GE, comes into the week breaking above resistance. It has an RSI in the bullish zone and a MACD positive and rising. Look for continuation to participate…

Intel, $INTC, comes into the week at resistance. It has an RSI rising in the bullish zone and a MACD positive and curling up. Look for a push over resistance to participate…

JP Morgan Chase, $JPM, comes into the week pushing over resistance. It has an RSI rising in the bullish zone with the MACD positive. Look for continuation to participate…

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the FOMC meeting and June options expiration, saw equity markets appearing to have stopped the damage with small caps leading at all-time highs.

Elsewhere, look for Gold to continue a short term downtrend while Crude Oil settles under $90/bbl, near support and a change of character to a downtrend. The US Dollar Index looks to drift lower near the top of the range while US Treasuries continue to hold over support in consolidation after avoiding a shift in character. The Shanghai Composite looks to continue the short term trend to the downside while Emerging Markets look to recover from the pull back in their uptrend.

Intel, $INTC, rose off of a bottom in March and then fell into consolidation in in April. It moved mainly sideways, under the February highs for 3 months. Then it gapped down following its July earnings report. It found a bottom a few days later and has been in consolidation in a tight range since. It ended last week pushing over short term resistance. The Bollinger Bands® had squeezed in and prior to the break out. The RSI is rising near the mid line while the MACD is crossed up and driving higher. 

There is resistance at 52, right near the 61.8% retracement of the drop from the dotcom high to the Great Financial Crisis low, then 55.75 and 57.50 before a gap to fill to 60 then 62 and 64.50. Support lower comes at 47.65 and 44.65. Short interest is low at 1%. The stock pays a dividend with a 2.62% annual yield and began trading ex-dividend on August 6th. The company is expected to report earnings next on October 22nd. 

The September options chain shows the biggest open interest at the 47.50 puts and calls. It is large at the 50 and 55 calls as well and the 50 puts. The October chain has open interest focused from 50 to 52.50 on both the put and call side, with size at the 60 call as well. In the November chain, the first covering the next earnings report, the open interest is building below 50 on the put side and at 50 on the call side.

Intel, Ticker: $INTC

Trade Idea 1: Buy the stock on a move over 51 with a stop at 48.50.

Trade Idea 2: Buy the stock on a move over 51 and add a September 50/47.50 Put Spread (83 cents) while selling the October 55 Calls (77 cents).

Trade Idea 3: Buy the October 52.50/September 55 Call Diagonal ($1.20) and sell the October 45 Put (51 cents).

Trade Idea 4: Buy the November 45/52.50/57.50 Call Spread Risk Reversal (18 cents).

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After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with one trading day left in August, saw equity markets had put up stellar returns on the month despite the hot lazy summer weather.

Elsewhere look for Gold to consolidate in its uptrend while Crude Oil continues to slowly drift higher. The US Dollar Index continues to move to the downside while US Treasuries may be breaking consolidation to the downside. The Shanghai Composite looks to move higher in consolidation while Emerging Markets move up out of consolidation.

Do you invest in INTEL ($INTC)?

Here are some of the most noteworthy trendline developments across the markets for Wednesday, March 18, 2020.

NYSE Composite $NYA Testing Post-1974 Up Trendline (log scale)

S&P 500 $SPX Testing Post-2009 Up Trendline (linear scale)

Nasdaq 100 $NDX Testing Post-2016 Up Trendline (log scale)

Indian Stocks Testing Post-2009 Up Trendline $INDY $NIFTY

Utilities SPDR $XLU Testing Post-2009 Up Trendline

Intel $INTC Testing Post-2009 Up Trendline

Johnson & Johnson $JNJ Testing Post-2009 Up Trendline

Bitcoin Breaking Post-2015 Up Trendline $BTC.X

Copper Breaking Post-2008 Up Trendline

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Intel, $INTC, gapped down in April, and found a bottom in May. It spent six months after that trying to break free from the 61.8% retracement of the move from the 2000 high to the 2009 low. With a series of higher lows it made for an ascending triangle and it broke back above in November. The gap up left an Island Reversal and the stock price stalled at the April high. After a shallow pullback it is back at resistance. A push over it and the stock can continue to the target of the triangle break to 63. 

The RSI is bullish and rising with the MACD crossing up and positive. There is resistance at 59 and then back in 2000 at 61.40 and 64 before 67.50 and 71 then 73.50 and 75.80. Support lower comes at 57.50 and 56 then 54 and 53. Short interest is low at 1.4%. The stock pays a dividend with an annual yield of 2.14% and started trading ex-dividend November 6th. The company is expected to report earnings next on January 23rd. 

The January options chain shows the biggest open interest at the 50 strike on the put side. On the call side it is biggest at 60 but very large at 57.50, 55 and 50 as well. The January 24 Expiry options, the first covering the earnings report, are still building volume. The February options show biggest open interest at 55 on the put side and 60 on the call side. The March options show open interest spread out from 55 lower to 45 while on the call side it is focused form 55 to 60.

Intel, Ticker: $INTC

Trade Idea 1: Buy the stock on a move over 59 with a stop at 57.

Trade Idea 2: Buy the stock on a move over 59 and add a January 24 Expiry 57.50/52.50 Put Spread (85 cents) while selling the February 62.50 Calls (85 cent credit).

Trade Idea 3: Buy the January/March 60 Call Calendar ($1.50).

Trade Idea 4: Buy the March 60/65 Call Spread ($1.70) and sell the March 52.50 Puts (75 cents).

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After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the shortened Christmas week, saw equity markets looking very strong, although the larger cap indexes were starting to get a bit extended.

Elsewhere look for Gold to consolidate under 1500 while Crude Oil digests in the uptrend. The US Dollar Index looks to continue to the upside in broad consolidation while US Treasuries continue their pullback. The Shanghai Composite looks to consolidate the recent move higher in a short term uptrend while Emerging Markets move higher around long term resistance.

Chinese telecoms equipment maker Huawei has a long list of American suppliers, potentially putting the firm at risk of a ZTE-style supply ban after the arrest of its CFO in Canada, who faces accusations that she misled multinational banks about Huawei's control of a company operating in Iran.

#INTC Earning declared EPS = 1.4 vs estimate= 1.15 for Q3/18 #sym #spy #earnings #markets

Earning released for INTC: Actual EPS = 1.4 per share Estimate = 1.15 per share

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INTC report:

The mean EPS over the last 16 releases is 0.7 per share. The current EPS at 1.4 per share is above the average EPS of the last 16 quarterly earning releases.

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INTC Fundamental Score = Click Here

EARNING UPDATE $INTC Intel Corporation for quarter ending q_Jun18 – Revenue fell but Margins expanded

[s2If !current_user_can(access_s2member_level0)]Please login to read the earning update on INTC [lwa][/s2If][s2If current_user_can(access_s2member_level0)]Intel Corporation reported earnings (EPS) of 1.05 per share for the quarter ending q_Jun18. This is vis-vis 0.93 per share for the previous quarter ending q_Mar18, a growth of 12.9 %. Compared to last year same quarter (q_Jun17), earnings grew…