$INTC Missed the Trade, $RNG Nailed It, $BBY Stayed Disciplined
This week's market offered another reminder that price structure, sector rotation, and market positioning often matter more than headline results.
From Intel's post-earnings weakness to RingCentral's technical breakout and Best Buy's disciplined trend-following setup, these trades highlight one key principle: the market rewards context, not just numbers.
1. $Intel(INTC)$
Price structure always takes precedence over earnings in trading.
Despite posting +520% EPS growth (+93% beat) and +25% revenue growth (+12% beat), the chart remains the primary source of truth.
$INTC basically already have a loosening structure prior for over 2 months.
2. $RingCentral(RNG)$
My 2 cents on $RNG:
$RNG belonged to 2 baskets: CRM and Software.
Both had positive weekly momentum, as money was rotating out of AI groups into Software, CRM, Cybersecurity, Heathcare, and Banks.
On top of that, $RNG is a mid-cap and the IWR/QQQ ratio had been outperforming for a while.
$RNG itself had its 10, 21 and 50MAs pinched going into earnings, and was still trading above its rising 200MA.
3. $Best Buy(BBY)$
Once an idea is executed, let its 10-MA dictate your exit, not the market.
$SPDR S&P 500 ETF Trust(SPY)$ -1.5%
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