Analysis and trading strategy as the retailer gets set to report earnings
Concerns about upcoming earnings reports are understandable but they are not an issue right now.
The charts suggest that a sustained uptrend is not yet the outcome we are likely to see.
The extent of the measures taken to combat the virus seem to be an overreaction, and no one should count on a vaccine being a magic bullet.
The real gem, the 'white whale' - or white grizzly, given recent events - has always been the company's water rights.
The small business payroll processor reports earnings this week.
The Nasdaq Composite and Nasdaq 100 continue to make new highs.
Lenders to the Nasdaq-listed jewelry maker reportedly have discoverd that 83 tons of gold used to borrow billions appear to be copper alloy bars.
Traders could go long ACN at current levels.
Let's see if the larger bullish pattern has a chance to play out in INTC.