INTEL
NEW YORK (CNNMoney) -- Flat PC and server
sales in the first quarter didn't give Intel investors much to be excited
about, but the company swears this quarter is going to be sweet. Calling the first quarter "a solid
start, " Intel CEO Paul Otellini said his company has some big product
launches coming in the next few months that will make 2012 "another growth
year" for the company. Full story….
Intel sold off about 3% in
after-hours trading even though they were upbeat for the future in the
conference call. IBM didn't do well in after-hours trading either. That’s a possible
indication that the correction may continue.
That’s more of a guess than anything else. Intel is up 48% from its
September low and there could have been some “sell-the-news” action.
THE MARKET
The S&P 500 was UP 1.5%
Tuesday to 1391. VIX was DOWN 5.5%.
NTSM
The NTSM analysis remains
HOLD as of the close Tuesday.
Our volume
indicator has again flipped over to hold. The NTMS volume indicator is based on "on-balance-volume" analysis so it tends to be a bit of a market follower.
MY INVESTED POSITION
I bought back into the
stock market at S&P 500, 1155 on 7 Oct after the 6 Oct NTSM buy
signal. I remain 100% long in the
long-term portfolio (100% stocks in the 401k.). (See the page “How to Use the
NTSM System” – the link is on the right side of this page).
