I exited my final position of AUY yesterday. Momentum really started to stall. The price of gold, oil, and AUY seemed to be getting confused. I felt it was time to run for the exit since AUY was testing support in the $14.30's. Today it is still laying around in it's one week range.
INTC: what a dog. Yesterday saw 18's. It has been laying at $19.00 for so long everyone has left it for dead. However, a nice little upside reversal happened, on increasing volume even! Could it be a bottom? The 5 day chart shows interest and momentum yesterday afternoon. i put my money on green at $19.00. I suspect earning rumors will carry this thing in to the 20's by by mid-april. Note, the Semi Conductors ETFE (SMH) has been in a range of $37-$33 for 6 months; bouncing between resistance and support. We now are around support levels so I have to baby sit INTC into the $20's always watching for a possible mess at $18.50 and lower. Will exit at a close below $18.50 or $21+.
Today as one of my happiest TradeKing days (excluding profitable exit days), I made the Friday shout-out post! I added a little more detail in this blog post just to relish in the fame!


