another new 52 week low for one of waldo's former faves, ie ezch. 4 months ago, intc was, ta da, 34.50, go wally, way to bring home the bacon
you must love the new lows today at 18.40, down 2 bucks from the day you posted
back when nat gas and oil were going up, I was getting 22 percent from pwi, and share price appreciation, since sold, then nat gas dropped from 14 to 3, oil from 140 to 30
he's just a pompous old man who thinks he knows it all, he doesn't, months have gone by and his beloved intc is essentially unchanged
p, crus rsi at 31, macd and rsi still pointing down, but risk reward for new shorts there not particularly favorable, broken lower support was 18.50. markets overall still seem extended, ie only a 2 point drop in the spy, rsi still elevated, Court in the am, scheduling conference in Annapolis.
rsi 31, not a good time to be entering new shorts even though the rsi and macd are still pointing down. nice gains already for those who shorted the post earnings bounce off 18.50 to about 20
volume in crus was above average. closing on the low is not always a bad thing, sometimes it's actually bullish
overall however, the markets, dia, spy, qqq still appear to be at elevated levels, none are down even .5 percent off new 52 week highs
Poor Waldo, months of not making any money on his beloved INTC. But he keeps acting like the know it all he clearly isn't.
the only good news is that if today's sell off continues, the daily chart may show an rsi 30, notably, not counting after hours on earnings, the rally off the October low about 19 failed right at resistance of 22.00 which was former support that was broken on the downside on the ove to 19.00. may get a bounce, but the stock has done terribly.
I hope so, though so far, each rsi 70 has only produced a minor dip, then a higher price, and an rsi 70 and today's so far, dip. Need at least 2 days down in a row.
and waldo still won't have made any money in months if it gets there, poor wally
P, if the market does pull back, the vxx should do well, short term at least. would be nice to see, on the qqq, spy, dia, the macd turn down on the daily, not expecting much of a drop, nothing like October with the tqqq rebounding about 45 percent in a month after dropping about 30 percent in even less time