In the interest of maintaining the tradition of highlighting my failures I will note that there was an NFTRH+ update on Intel based on the H&S pattern.  My personal risk tolerance was above 29 (neckline), which was also noted as a tight stop loss level in the update (it is critical to limit losses because they sure are going to happen) and so I took a small loss.

But the bull case is not yet proven either as the baby Inverted H&S, while cute, has not broken above its neckline. It's target is around 33 if it does break through. MACD and RSI look good.

Click on picture to enlarge

You may recall that we were bullish on Intel and the Semi sector since before anyone started getting excited about the Semi's, as Intel broke above a 14 year resistance line. Now I am neutral on Intel and indeed, the Semi sector pending the broad market view, which continues to go amazingly well to our post-August layout.