Microsoft
SPY IN NEW BEAR MARKET DATAEVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost $100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after few months of the election drama. Probably 2017 after summer/winter latest. What do you think?
Microsoft: Interesting scenarioMSFT has formed a large double top, and might be starting a correction towards the support below.
It's interesting to note that the top happened at the highest low in the weekly chart, and that we have two 9 week modes in the chart, from the top.
If we were to cross the earnings support, the inside trendline, and the 9 week mode below, we could see a correction landing into the earnings support levels below, close to the 45 handle.
We can go short with stops above 55.43, either at a new low, or at a slight retracement approaching the 55 mark.
If we don't get a new high tomorrow, and the close remains under 55, we might good odds with this trade.
Refer to Tim West's publication for the fundamental outlook for this stock.
See related ideas.
Good luck if taking this trade,
Ivan Labrie.
Elliott Wave Analysis & Forecast, #MSFT, M1, 20160404Refer to my previous Monthly analysis on January, 2016, We slightly changed in our short term view. red wave 5 of green wave iii of blue wave 1 has not been finished yet and we expect one more upside rally to finish red wave 5.
Once this red wave 5 finished we will see correction in green wave iv towards 40-41 area where we expect that this share placed long term bottom before uptrend will resume towards 100 or even above. We saw first correction in green wave ii is simple so we can expect complex correction in green wave iv.
muhiuddin
Taking advantage of MSFT earnings SHORTSo we're going into earnings and a lot of people are saying long MSFT. I honestly cannot see the appeal in this. Earnings play maybe but the current chart is very much bearish and is following history. It was in a downwards trend as you can see with my channel but broke out. I think it will use the top as support if not break through it to cover some gaps.
I'm going to wait for earnings and if it gaps up then I will short it and if it goes down... still short.
Microsoft-Santa is coming! ho ho hoTarget = $49
Keep buying front-month PUT at 0.01 each ( See OptionsProfitCalculator: opcalc.com )
$10 dollars, controlling 10,000 shares.
Max returns of $10k if it gets to $49. Your downside is only $10!
OR naked short
any option above $55 (Since there are lots of premium in MSFT options anyway)
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See the easy money now?
DOW JONES OVERVIEW: MICROSOFT RESTORES ITS LONG TERM TRENDSMicrosoft is restoring its long term up trends after late August selloff
Recently the price bounced up from 10-year uptrend border, which is marked by the upper 1st standard deviation from 10-year mean @ 39.40.
If the upwards impulse continues, price will also restore its 5-year uptrend, by trading above its border, marked by the upper 1st standard deviation from 5-year mean at 43.75.
On short term basis nothing stops MSFT from restoring its long term trends, as price trades laterally within 1st standard deviations from 1-year and quarterly means.