NASDAQ Potential to Outperform 1st quarter of 2017Nasdaq futures have trailed both the SP500 & DOW since last quarter of 2016. Even the Russell 2000
have gotten the better move ahead of it. But finally it caught up with Tech stocks delivering the
goods as we are near the closing of the first trading month of January 2017.
Based on our recent analysis mid-way through the DOW's breaking 20k, the last major component in the mix that we had been waiting for and believe have triggered the momentum came from the alignment of the three (3) e-mini futures when the Nasdaq futures broke the 5k a week earlier that drove us to vividly expect a major move in the making. The conclusive evidence that indeed proved to be true came about after a week when the rally above the 20k materialized at the opening US session.
With that said, tech stocks such as Microsoft, Google and FB are so far three of the best we have followed & delivered for the last quarter of 2016 and until today, as selected carry-over stocks-for-keeps are in place. Although, FB is trailing behind Alphabet & Microsoft in their price levels it would take awhile to break its challenging resistance. However, Alphabet would attempt a considerable price target @1000 within this 1st quarter period. However, there would be daily session declines that would be a convincing bearish outlook along the way. Meanwhile, Microsoft's break-out of the USD60.00 level is quite encouraging. Notwithstanding that a probable pullack scenario can occur in the near term with an initial objective @70-75.00 extensions for the
quarter period. Tech stocks would lead the market this 1st quarter with some resiliency of a possible corrective phase seen towards the month of March & first two weeks of April.
Quite a daring market call not unless some unsuspecting catalyst may prove otherwise. And a consolidation period that may extend the price objective relative to the Nasdaq Index would simply derail a transition well within the first quarter of 2017 or at the most a better part of the 2nd quarter.
Cloud Chart on Microsoft (MSFT)
Cloud Chart Alphabet (Goog)
Cloud Chart on Facebook
Cloud Chart on NASDAQ
Cloud Chart EMini NQ100
Msftlong
MICROSOFT STOCK PREDICTIONS FOR 2016 AND 20172016/11/18. Microsoft stock forecast for next months and years.
Microsoft stock price predictions for November 2016.
The forecast for beginning of November 58. Maximum value 61, while minimum 54. Averaged Microsoft stock price for month 58. Price at the end 57, change for November -1.72%.
Microsoft stock predictions for December 2016.
The forecast for beginning of December 57. Maximum value 59, while minimum 53. Averaged Microsoft stock price for month 56. Price at the end 56, change for December -1.75%.
Microsoft stock price predictions for January 2017.
The forecast for beginning of January 56. Maximum value 59, while minimum 53. Averaged Microsoft stock price for month 56. Price at the end 56, change for January 0.00%.
Microsoft stock predictions for February 2017.
The forecast for beginning of February 56. Maximum value 60, while minimum 54. Averaged Microsoft stock price for month 57. Price at the end 57, change for February 1.79%.
Microsoft stock price predictions for March 2017.
The forecast for beginning of March 57. Maximum value 64, while minimum 56. Averaged Microsoft stock price for month 59. Price at the end 60, change for March 5.26%.
Microsoft stock predictions for April 2017.
The forecast for beginning of April 60. Maximum value 61, while minimum 55. Averaged Microsoft stock price for month 59. Price at the end 58, change for April -3.33%.
Microsoft stock price predictions for May 2017.
The forecast for beginning of May 58. Maximum value 65, while minimum 57. Averaged Microsoft stock price for month 60. Price at the end 61, change for May 5.17%.
Microsoft stock predictions for June 2017.
The forecast for beginning of June 61. Maximum value 61, while minimum 55. Averaged Microsoft stock price for month 59. Price at the end 58, change for June -4.92%.
Microsoft stock price predictions for July 2017.
The forecast for beginning of July 58. Maximum value 65, while minimum 57. Averaged Microsoft stock price for month 60. Price at the end 61, change for July 5.17%.
Microsoft stock predictions for August 2017.
The forecast for beginning of August 61. Maximum value 61, while minimum 55. Averaged Microsoft stock price for month 59. Price at the end 58, change for August -4.92%.
Microsoft stock price predictions for September 2017.
The forecast for beginning of September 58. Maximum value 61, while minimum 55. Averaged Microsoft stock price for month 58. Price at the end 58, change for September 0.00%.
Microsoft stock predictions for October 2017.
The forecast for beginning of October 58. Maximum value 63, while minimum 55. Averaged Microsoft stock price for month 59. Price at the end 59, change for October 1.72%.
Microsoft stock price predictions for November 2017.
The forecast for beginning of November 59. Maximum value 65, while minimum 57. Averaged Microsoft stock price for month 61. Price at the end 61, change for November 3.39%.
Microsoft stock predictions for December 2017.
The forecast for beginning of December 61. Maximum value 68, while minimum 60. Averaged Microsoft stock price for month 63. Price at the end 64, change for December 4.92%.
Microsoft stock price predictions for January 2018.
The forecast for beginning of January 64. Maximum value 69, while minimum 61. Averaged Microsoft stock price for month 65. Price at the end 65, change for January 1.56%.
BLUE CHANNEL- Monthly and Weekly UP
Double Lines- Peak of .com bubble and All-Time High from 1999/2000 *Broken