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intel earnings set the tone for big drag down in semis

Short
NASDAQ:NXPI   NXP SEMICONDUCTORS N V
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3
nxp dropping out of rising wedge on awful intc guidance. unless we see relative outperformance to peers on monday or market wide strength even a beat could dump on exposure to auto sector weakness and the current recession
Trade closed manually: Busted setup. Good news on auto sector demand this morning plus qqq giga pump.

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