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Wednesday, September 06, 2006 

Stock of the day : INTC , VIX Volatility Index

Chart courtesy of stockcharts

Market Volatility Index

Today this barometer of the market volatility breakout the downtrend line, this indicator with high values implying pessimism and low values implying optimism.

Chart courtesy of stockcharts

Intel Corp. announced on Tuesday after the market close that it would cut a total of 10,500 workers, or 10 percent of its work force, by mid-2007 in a bid to increase its competitiveness, with this countermeasure it expected the layoffs to save it approximately $2 billion in 2007 and $3 billion by 2008. Shares of Intel fell more than 3% today.

Keep in mind : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a great evening !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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