Intel Appears to be a good long term play

[AstuteShift]

Twitter especially finance Twitter is a good contrarian indicator

A lot of idiots and a lot of dumb bears also lol

[Triplethought]

I hear ya. I have been doing the same thing with all of my options for the past weeks.
Do it now? Do it now? Wait just a little longer. Oh, darn, wish I would have.

AMD has recouped most of its losses.

I am holding all of my stocks during any short term downturn.
I hope to buy more before Thrust Stage,
then when it is time to get out, I will get all out, and start doing Options again.

Should we be using the sell prices in the update, or wait until we think the rally is nearing its end?

If you're talking about the end of year downturn I'm NOT doing that. I think the short term downturn could end up being a year or more.

[AstuteShift]

Took a small loss on it, no big deal. The new CEO is a complete loser and is very behind

It will take them years to get good, in the mean time I’m just building cash and swinging SPX.

If it gets to the low 20s then i might re consider lol

[SOL]

Took a small loss on it, no big deal. The new CEO is a complete loser and is very behind

It will take them years to get good, in the mean time I’m just building cash and swinging SPX.

If it gets to the low 20s then i might re consider lol

I am selling puts and covered calls and buying them back. Once I reduce my loss to the 5 to 7 per cent ranges I will reduce my position but come October I will be 90% plus in cash and this is what we will be advising all our subscribers. Officially we will only move 90% into cash after giving all our subscribers at least 72 hours advance warning.

[LoriPrecisely]

AMD has recouped most of its losses.

I am holding all of my stocks during any short term downturn.
I hope to buy more before Thrust Stage,
then when it is time to get out, I will get all out, and start doing Options again.

Should we be using the sell prices in the update, or wait until we think the rally is nearing its end?

If you're talking about the end of year downturn I'm NOT doing that. I think the short term downturn could end up being a year or more.

I meant the first two weeks of August.
This is from the August 2 Update:
"The markets have now made it slightly past the PUSH stage, but resistance is expected; the markets should consolidate over the next several days. This short-term pullback will give the markets the force necessary to break out towards the Thrust phase. Resistance ranging from mild to medium will be encountered as each stage is breached. We are now close to hitting the fast and furious point, which should last until the end of the thrust zone."

[PuppBaby]

[/quote]
I meant the first two weeks of August.
This is from the August 2 Update:
"The markets have now made it slightly past the PUSH stage, but resistance is expected; the markets should consolidate over the next several days. This short-term pullback will give the markets the force necessary to break out towards the Thrust phase. Resistance ranging from mild to medium will be encountered as each stage is breached. We are now close to hitting the fast and furious point, which should last until the end of the thrust zone."
[/quote]

As seen in a story...
A select few of the surviving masses awake on a beautiful resort in Cancun this Friday morning, prepared for another round of hodling celebrations they gather on the beach around the robinhood fire pit with drinks in hand they watch as the clock ticks ever closer to market opening. Happy and blind they begin celebrations early for the Friday and Saturday festivities, unaware of a sinister backlash brewing offshore. Just as the market rounds 9:30am a chill runs down the spine and before one can assume a tight hodl a massive tsunami rips through the beach front peeling off 2-4% of the market as well as some of the more inebriated sheep immediately as they begin to panic sell.

[Triplethought]

Took a small loss on it, no big deal. The new CEO is a complete loser and is very behind

It will take them years to get good, in the mean time I’m just building cash and swinging SPX.

If it gets to the low 20s then i might re consider lol

I am selling puts and covered calls and buying them back. Once I reduce my loss to the 5 to 7 per cent ranges I will reduce my position but come October I will be 90% plus in cash and this is what we will be advising all our subscribers. Officially we will only move 90% into cash after giving all our subscribers at least 72 hours advance warning.

I agree and am selling early since I will be out of office the entire month of September. My 20 month loss from Jan 2021 thru today is -13%, The Nadaq only lost -1.3% in the same time frame. We beat the Nasdaq in 2020 but I am getting beat badly by that index over the most recent period. So far I'm only selling things with an acceptable profit. At some point I'll have to bite the bullet and sell my big losses. Also suspending most buys, and especially suspending options plays. I just bought back an AMD put today that i purchased last month for a small profit.
Today's job report was good so I think next week will stay up and give an opportunity for a bit of profit taking.

[SOL]

Took a small loss on it, no big deal. The new CEO is a complete loser and is very behind

It will take them years to get good, in the mean time I’m just building cash and swinging SPX.

If it gets to the low 20s then i might re consider lol

I am selling puts and covered calls and buying them back. Once I reduce my loss to the 5 to 7 per cent ranges I will reduce my position but come October I will be 90% plus in cash and this is what we will be advising all our subscribers. Officially we will only move 90% into cash after giving all our subscribers at least 72 hours advance warning.

I agree and am selling early since I will be out of office the entire month of September. My 20 month loss from Jan 2021 thru today is -13%, The Nadaq only lost -1.3% in the same time frame. We beat the Nasdaq in 2020 but I am getting beat badly by that index over the most recent period. So far I'm only selling things with an acceptable profit. At some point I'll have to bite the bullet and sell my big losses. Also suspending most buys, and especially suspending options plays. I just bought back an AMD put today that i purchased last month for a small profit.
Today's job report was good so I think next week will stay up and give an opportunity for a bit of profit taking.

Remember, the market will plateau (top) before it plunges, so most likely there will be some time. If the projected pattern completes then even if one sells at a loss they will be able to buy back at mouth-watering levels that most good stocks will easily double from those low levels. Some food for thought

[Budge]

Took a small loss on it, no big deal. The new CEO is a complete loser and is very behind

It will take them years to get good, in the mean time I’m just building cash and swinging SPX.

If it gets to the low 20s then i might re consider lol

I am selling puts and covered calls and buying them back. Once I reduce my loss to the 5 to 7 per cent ranges I will reduce my position but come October I will be 90% plus in cash and this is what we will be advising all our subscribers. Officially we will only move 90% into cash after giving all our subscribers at least 72 hours advance warning.

I agree and am selling early since I will be out of office the entire month of September. My 20 month loss from Jan 2021 thru today is -13%, The Nadaq only lost -1.3% in the same time frame. We beat the Nasdaq in 2020 but I am getting beat badly by that index over the most recent period. So far I'm only selling things with an acceptable profit. At some point I'll have to bite the bullet and sell my big losses. Also suspending most buys, and especially suspending options plays. I just bought back an AMD put today that i purchased last month for a small profit.
Today's job report was good so I think next week will stay up and give an opportunity for a bit of profit taking.

Article from Jon Markman:

https://weissratings.com/en/pivotal-poi ... 00j63S4AAI

"Advanced Micro Devices (AMD) makes high-end chipsets used in personal computers, laptops, game consoles and data centers. The company, based in Santa Clara, California, began delivering those chips in 2021 to Tesla (TSLA) for use in its high-end Model S and Model X vehicles. Today AMD chips power Tesla's entire fleet of EVs.

Tesla uses AMD chips to power its media control unit and many other smaller systems. This application for AMD chips didn't exist two years ago. It's part of a bigger trend that CEO Lisa Su called "computing everywhere" in an interview with Fortune magazine.

This point is important.

Su says the current semiconductor shortage occurred because of the overwhelming demand for chips as they move into more categories. This trend isn't going to be reversed any time soon.

AMD is scheduled on Tuesday to report its Q2 financials. While the company is clearly stealing market share in data-center processors from its rival, Intel (INTC), AMD is also building big new markets as applications expand.

Two years ago, completely digital braking systems seemed unimaginable. Now they're a reality due to powerful semiconductors and software."

[Yodean]

https://youtu.be/MhPYDZGyUI0

*****

-decent 8 minutes on what this underrated sleeping monster has been doing of late ...

*****

https://youtu.be/ZcRLhgC_RYY

-12-minute update

[SOL]

Behold, two monthly charts of INTC. Make what you may of them, but both are worth exploring as they present intriguing patterns that one could argue are worth examining.

[MarkD]

I think I recognize the lower chart

[SOL]

I think I recognize the lower chart

I knew you would recognise one of them, but the first indicator on the second chart is also quite intriguing. Or my mind may be playing tricks on me."

[MarkD]

https://imgur.com/a/u5K7MBq

Note the POC at $25. Most of the AVWAPs have flatenned atm. Appears range bound. The IPO and ATH AVWAPs are still in play. $15 woulds be stealing money IF the PTB truly want to kill the Fed Put.

I cannot explain the behaviour of the Peak Energy lines but suspect stockcharts may be in error. They are way too low (red/green lines at bottom).

[AstuteShift]

It’s do or die for Intel currently, if Intel holds steadily at this level on the weekly charts then it’s good long term hold based on the monthly charts

Even though, tech wise they’re behind nvidia/AMD and management is lackluster, all it takes is one announcement or change within the company to fire on all cylinders.

Despite cutting some losses on this stock for myself, I still look extensively on it since despite all the turmoil and struggle it’s still holding steadily.

Certain stocks, i apply the sit/wait/pounce strategy once I sense a change in the right direction in sentiment, management and indicators