Tuesday, December 11, 2012

Market update

The market has been waiting for some "crucial news" from the fiscal cliff talks and then tomorrow's FOMC announcement. The transportation index has been in a box for over 6 months now. Which way does the market go depends on the DJT moving up (breakout) or down (box trading again). I am watching this as we trade the markets. Currently, my targets are almost achieved on the VST and ST. I am neutral on these timeframes now. I am bearish on the Intermediate term. I am bullish on the long term of this market.

Update on Intel Corp.

I posted this chart few days back on my buy on INTC. Now, INTC broke that downtrend line. Holding long and strong with a 1st target of 23$. Stop at 19$.
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