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INTC and JPM Play a Critical Role at this Technical Level

On my show yesterday on Stocktwits TV, I mentioned how the markets were at big technical levels going into several significant earnings events. Overnight we've seen reports come out from INTC, CSX, and JPM. And all 3 have seen positive stock movement in the after-hours session.

Semis and banks have continued to underperform in this market. If we see real follow through on the back of these earnings, we can easily retest the late April distribution range that we experienced.

by Steven Place

Steven Place is the founder and head trader at investingwithoptions.com/