Wow, what a week it’s been for the market, and especially for INTC. I’m still shaking my head a bit, not because I’m surprised, but because it’s always satisfying to see a setup play out exactly the way you anticipated. About a week ago, I wrote about how INTC was showing clear signs of strength. What really stood out to me wasn’t just the price action, it was the relative strength. The stock wasn’t just moving up; it was outperforming its peers and the broader market. That’s always one of my biggest tells that something meaningful could be unfolding.
If you look back at the chart I shared, the arrow marks the exact spot where I alerted readers right here on this site that INTC looked ready to move higher. At the time, it wasn’t about predicting the future, it was about recognizing a high probability setup. The stock had been acting well, holding key levels, and quietly building momentum while others were still chopping around and moving lower. That kind of behavior tends to precede strong moves, and that’s exactly what we got.
Since that post, INTC has absolutely exploded to the upside, hitting a high today of 63.39. Moves like that don’t happen by accident. They’re usually the result of accumulation, improving sentiment, and underlying strength that shows up in the relative performance before it becomes obvious to everyone else. That’s why I focus so heavily on relative strength, it gives me an edge in spotting leaders early.
Another important piece of the puzzle was the broader semiconductor space. I pointed out at the time that other semis were also starting to show strength, and that added even more conviction to the trade. When you see a stock leading within a strong group, it significantly increases the odds that the move has legs. It’s not just a one-off story, it’s part of a bigger trend. That kind of confirmation is something I always look for before committing capital.
To me, this trade was a textbook setup, something straight out of my playbook. It had all the elements I look for: relative strength, sector confirmation, and clean technical structure. Those are the kinds of trades I try to focus on consistently, because over time, that’s where the real edge comes from.
If you’re interested in how I use relative strength in my own trading, I go into much more detail in my book, Master The Market with Relative Strength. And if you want to revisit the original analysis from last week on INTC, feel free to go back and check out that post. It’s always valuable to study these setups in real time and see how they evolve.
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