Microsoft (MSFT)

It’s not too often you use the words “Breakout” and “Microsoft” in the same sentence, but that is definitely what we are seeing here today.  Microsoft (MSFT) has a strong uptrend already in place and now breaking out above heavy resistance around the $36.50 area. Here’s the Microsoft technical analysis: 

Microsoft (MSFT) is at an interesting juncture here. Break through $34 and it will no doubt make a run to $35.20. So far price resistance has been broken through, but the down trend off of the July highs has only been tested…. Stay tuned! Here’s the MSFT technical analysis:

Is it just me or is the Unemployment Rate one gigantic Bull-Flag?   Quick Glance at the Market Heat Map and Industries Notables: Some Big Tech Names: MSFT, GOOG and AAPL sat out today.  Utilities seemed to stop the bleeding.  Services saw more relative weakness.   Be sure to check out my latest swing

Pre-market update: European markets are trading 0.5% lower.  Asian markets traded 0.7% lower. US futures are trading 0.5% lower.  Economic reports due out (all times are eastern): None  Technical Outlook (SPX): SPX closed at all-time highs yesterday and broke out of the four-day, 12-point consolidation range it had previously been in. Tech after hours

Microsoft (MSFT) and Google (GOOG) get HAMMERED after hours.  Quick Glance at the Market Heat Map and Industries Notables: Oh my gosh! Banks were freakin’ phenomenal – where have you been all my life!?! It was like tech knew ahead a time after hours were going to be a disaster.  Healthcare wasn’t too far behind

A One Day Pullback…If You’re Lucky Quick Glance at the Market Heat Map and Industries Notables: Yesterday’s weak banks were today’s leaders. Materials made a mild recovery.  Technology was weighed down by Microsoft (MSFT) weakness and big tech non-participation.  Be sure to check out my latest swing trades and overall past performance

A Yearlong Look at Pullbacks and Bounces… You have to consider if the same pattern of bouncing to new highs will play out once again. It is important to know your history.  Quick Glance at the Market Heat Map and Industries Notables: MSFT, JNJ, WMT were the three big winners in a

$ASML 2 Hour Chart - Gaping up, but between 2 fib levels, It looks more liekly it will go for the 73.20 target which represents the 61.8% Fibonacci level. If it does, that is usually the turning point. $GOLD 15 min chart -  Another one opening in the middle of two Fibonacci levels. I highly

$AAPL 15 Min Chart - I included this short term scalp chart with Fibonacci levels just in case people are looking for an entry on this stock. If it goes over 428.49 (23.6% Fibonacci Level). It is a nice long. $BBRY Daily Chart - No love until 15.52. So stop dreaming with it until then.

I get very weary when we trade outside the upper Bollinger Band      Quick Glance at the Market Heat Map and Industries Notables: The leaders of tech were a major drag: AAPL, MSFT & GOOG A few of the big banks were abnormally higher.  Precious metals were showing some strength in