MSFT’s erratic ascent over the past three weeks seems sustainable because there is no exuberance in it, let alone hubris. The stock remains a key bellwether, and that is why its continuing rise toward the 458.69 target would support a bullish waft for the stock market as a whole. This is notwithstanding my dour analysis of the E-Mini S&Ps (see above). In any event, a pullback to the green line (x=376.57) should be bought ‘mechanically’ with a stop-loss at 349.19.
MSFT – Microsoft (Last:393.82)