FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***INTC - An important psychological component to the markets is extremely overbought at the current levels, not only that but the bullish sentiment is rampant. This "semiconductor" is smelling out a top currently and it might be nearer then the masses of the market think.

Case in point, check out the Intel message board over at yahoo and take note of all the 'Strong Buy' recommendations and the lack of 'Sell' or 'Strong Sell' recommendations, what a hoot. So many strong buy signals for a stock not only fundamentally way overvalued but technically as well! http://messages.yahoo.com/?action=q&board=INTC

Note how technically overbought it is here, slow stochs is banging its head on the ceiling at 98 and RSI(14) is through the roof at 81.7, add in that the volume upon this rise is anything but convincing, and we've got a bull-trap here. It's time to short this on any future strength, and put options may have never looked better going forward...

(just making a note here, as I'm studying options, on Friday, the June $25 put closed at .25, while the $27.50 was last quoted at $1.34. The July $25 put for INTC closed at .45)