Tuesday, July 14, 2015

Update: Intel ($INTC) earnings release tomorrow

We discussed a possible H&S top forming in Intel. Intel is set to release its second-quarter earnings tomorrow. I almost always exit my position before the earnings report no matter how promising the set-up. Staying with a position hoping for a favorable reaction to an unknowable earnings report is unnecessary gambling. Sometimes I stay with a small position if I have a favorable entry point or, more likely, my emotions have gotten the better of me. Remember, there will always be other opportunities.

5 comments:

  1. Hi... interesting to see someone with the same outlook.

    Would you agree, $22.50 is ideal H/S downside target ?
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    ps. Disque would be useful to install... if you want others to more likely reply.

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  2. Hi: 22.50 as the downside target seems reasonable, IF the H&S top pattern triggers. Now, prices are hugging the neckline with the second-quarter earnings due tomorrow (Wednesday) after the market closes. I think caution is necessary given the utter unpredictability of the market reaction to earnings release. I always reduce my position or get out entirely. I can re-enter the trade after the dust settles. And if no good opportunity to re-enter presents itself, then I try to remember that there will always be other trades.

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  3. A good philosophy.. I certainly hold to that.
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    If INTC is $22.... it has 'interesting' implications for the equity market/VIX across the next few months.

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  4. Indeed, I am pleased with information shared by you here in this post. There is no doubt that you have great experience in stock market. And I have been always looking from some new post from your side.

    trading in shares

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    Replies
    1. Thank you Mike. Stay patient as you gain market experience. Have other interests besides the financial world. I try to remember that there will always be more trading opportunities. Have a relaxed and open mind-set but be uncompromising in terms of protecting your capital.

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