Friday’s opening bar just missed touching a 380.10 correction target I’d disseminated in the chat room earlier in the week. The low missed by $2.16, and although the stock had fallen nearly $90 to get there, subscribers who use my targets are accustomed to better precision. For the sake of practicality, however, I will consider the target as fulfilled (although I’d be tempted to bottom-fish with a camo trigger if MSFT relapses at the start of the week. It’s important to get this stock right, since I still consider it the #1 bellwether for the bull market. That’s mainly because a large piece of the company’s revenues come not from AI-related hubris, but from the bedrock of recurring sales of the Windows operating system and online services.
MSFT – Microsoft (Last:390.67)