Browse Stacks: Analytics: SP500-Technical-Analysis-071615.PNG (900×673)

The market is in a care-free mood right now. That could change on Monday (no special catalyst in mind, it just could). Unbelievable to me that INTC did not get rocked Thursday after posting those bullshit earnings. The only thing that made it look okay was that they bumped their tax rate down from 25% the previous quarter (and 28% the previous year) to 9% for this quarter, allowing them to post EPS of 55 cents instead of 45 cents (50 cents consensus). Overall revenues were down 5%, and every product category had slowing growth or actual negative growth. Inventory exploded higher (which paradoxically improves margins this quarter due to accounting practices). Absolute garbage quarter and it managed to hang tight. Ridiculous! Since you're short common you don't care all that much, but my Jul puts fizzled out. Oh well, I shorted some common and added to my Aug puts. INTC must pay! 7/17/15

Thru Friday 14July2000 ... 
 
http://cdn.socialtrade.com/comsys/imgs/7-17-2015-7-16-34-PM_F6Dofh_m. jpg

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7/17/15

Thru today, Friday 17July2015 ... 
 
http://cdn.socialtrade.com/comsys/imgs/7-17-2015-7-16-55-PM_u9i6eE_m. jpg

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7/17/15

...for the bears loving horror fairy tales: https://caldaro.wordpress.com/2015/07/19/the-historical-dow/ 7/20/15