Let's check out the charts and indicators.
It takes time for a large corporation to make a turnaround. Things do not happen overnight.
GE announced the firm's plan to establish a new, independent company that will focus on an Internet of Things software portfolio.
What else can you say about a decision by the Chinese that amounts to a potential repudiation of the Made in China 2025 plan?
Let's first check the charts and indicators.
Semiconductor names seem to have bottomed and I like this INTC calendar spread.
If you don't take some risk you won't generate any return.
Buy a dip if available into the $160-$155 area but I suspect that may not happen, so you can also buy strength above $170.
Wednesday's trading action is what we need to restore some Fear of Missing Out (FOMO).
We look at a slightly riskier part of the sector...that should be able to reach profitability with little to no additional funding needs.