INTC - a third month higher

Whilst the broader market ended the month moderately weak, there was notable strength in Intel (INTC), which closed +1.0% @ $34.79. November saw the third consecutive net monthly gain of +3.5%. Next upside target are the $37s.


INTC, daily

INTC, monthly

Summary

Suffice to say, a third month higher, and INTC remains one of the leading Dow/Tech stocks out there.

It lead the way down from mid May... and it lead the way up from the Aug' low.
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The $37s look viable by mid/late January. The big $40 threshold does not look viable until March/April.

TVIX, UVXY - naturally decaying

It was another negative week for the 2x lev' bullish VIX instruments of TVIX and UVXY, with net weekly declines of -5.0% and -6.2% respectively. The VIX is set to remain broadly subdued into end year - as some equity indexes look on track to break new historic highs.


TVIX, daily

UVXY, daily

Summary

*first, an update on the VIX, which saw a net weekly decline of -2.3%

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As for TVIX/UVXY... there is the usual issue of statistical decay, as equities saw a fair bit of price chop.

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*I have ZERO interest in being long the VIX until late spring 2016... at the earliest.

DAL, UAL - airlines struggling

Whilst the broader market saw a day of nano chop, there was once again weakness in airline stocks. Delta (DAL) and United (UAL), both settled lower by -0.8% and -1.0% respectively. Near term outlook offers weakness to the 200dma, before renewed upside into early 2016.


DAL, daily

UAL, daily

Summary

Suffice to add, airlines are really struggling, relative to what are consistently low energy/fuel prices.

If Oil does break >$50 threshold in 2016... it will be interesting to see how the airline stocks are impacted.
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*I've no position... with no intention to get involved, but I do think airlines/transports merit keeping an eye on.