Is INTC Setting Up A Discount Buy?
In this video, I walk through multiple time frames on INTC, and why I am looking at this as a possible discount buy. I discuss several trade ideas, price targets, and my line in the sand to remain bullish.
In this video, I walk through multiple time frames on INTC, and why I am looking at this as a possible discount buy. I discuss several trade ideas, price targets, and my line in the sand to remain bullish.
I just entered a new options position in NVDA. The squeeze has been consolidating for a long time and it is finally showing a shift in momentum to the upside. With earnings on the 26th, the Hot Zone data says this ticker averages about 7% higher during this window. There is real resistance between $215 and $220, but if the squeeze pushes it through, I am looking at $230 to $235 before the report. I bought long calls in the earnings series.
This week marked a purge of the AI trade and a sharp reversal, but is the coast really all clear? Let’s review the level on SPY I am anchoring to as well as some bullish squeezes.
I’m not saying we’ll never have another down day, but I think the Fed has told us they’re ok letting things unfold for a bit and I think it’ll take longer than some expect for rate hikes.