With both Intel (INTC) and JP Morgan (JMP) reporting better than expected earnings, helping drive both stocks and major US Market indexes to fresh new 2009 highs, let’s take a quick look at the daily “year to date” charts of these ‘in focus’ stocks.
A reader brought to my attention from my last “Chart Art Arc” post on Intel (INTC) that price also reflects a large-scale 50% Fibonacci Retracement. He’s right, but I also wanted to show a second important Fibonacci Confluence at the $20.00 price level that also adds an interesting twist to the price chart. Let’s take a look:
I’ve been slipping in some of my behind the scenes “Chart Art” posts that have been received well so I thought I would share another simple Arc and Andrews Pitchfork “advanced technique” analysis on Intel (INTC) which appears to have come into a possible inflection point. Let’s take a look.
With Google (GOOG) announcing earnings that ‘disappointed’ Thursday night and Intel’s (INTC) earnings earlier in the week surprised, let’s take a quick look as of July 17th at these two market moving stocks.