January 26, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

AI Frenzy Cools

Please click here for a chart of Intel stock (INTC).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of INTC is being used to illustrate the point.
• The chart shows the run up in INTC stock on AI excitement.
• The chart shows INTC stock made a double top.  This is a bearish reversal pattern.
• The chart shows the gap down on earnings.
• Intel earnings were slightly better than expected and guidance was worse than expected.