Try as they might, the slimeballs charged with goosing this cinder block whenever it needs a cash-free boost have succeeded only in recouping about a third of bear-market losses sustained since last autumn’s top near 550. To be sure, the rigged, gap-up openings that accounted for nearly all of last week’s 60-point (15%) gain generated a powerful impulse leg on the daily chart, and it must be respected. But we’ll make bulls earn our trust every step of the way, and that means with a leap either Monday or Tuesday that surpasses the gap resistance at 442.50 created in January on the way down. I will continue to track the stock closely, since, despite its ugly slide over the last six months, the company remains the most reliable bellwether for gauging the health of the stock market.
MSFT – Microsoft (Last:422.79)