Intel (INTC)

Intel Surprised…a little early.   Quick Glance at the Market Heat Map and Industries Notables: Banks faltered – most notably BAC and C Technology showed the usual weakness of late: AAPL, GOOG, HPQ, CSCO. Consumer Goods and Industrials led the way. Be sure to check out my latest swing trades and overall

Few Setups to take a look at today.  Long: Owens Illinois (OI)

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), INTC (19.75) Current Short Positions (stop-losses in parentheses): None BIAS: 42% Long Economic Reports Due Out (Times are EST): Employment Situation (8:30am), Consumer Credit (3pm) My Observations and What to Expect: Futures slightly higher. Employment will weigh heavily on the market today.

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), INTC (19.75) Current Short Positions (stop-losses in parentheses): None BIAS: 32% Long Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), EIA Natural Gas Report (10:30am), Treasury STRIPS (3pm). My Observations and What to Expect: Futures up slightly. Jobless claims will set

Futures have reversed course and are now sitting slightly in the green. I really like the Intel (INTC) chart below, and will likely buy some shares at some point this morning. LONG: Intel (INTC)

Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.15), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65),  WRC (40.95), QQQQ (45.83), NSIT (14.79) BIAS: 93% Short Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), Ben Bernanke (9:30am), Existing Home Sales (10am), FHFA House Price Index

Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65),  WRC (40.95), QQQQ (45.83), SCHN (44.33), NSIT (14.79) BIAS: 106% Short Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am), Bernanke Speaks (2pm)

Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), MR (33.39), SPY (109.07), WTFC (37.71), SLAB (44.80), CERN (83.56), ALB (43.59), HIBB (26.65) BIAS: 81% Short Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Import and Export Prices (8:30am), Business Inventories (10am), EIA Petroleum