Wednesday, December 5, 2007

MICROSOFT







If you are bullish like I am about TECH than the market can't go up without Mister Softee. Its up 3% today and has been lagging recently. It had blow out earnings and superb guidance stock hit 37, blew past 6 years of resistance, I am long MSFT.

PS. Santa, we need to close above 1490 on the S&P's.

Posted by prudentstockinvestor M.D. at 12:43 PM

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About Me: Disclaimer

$BPCOMP

$BPCOMP
Extremely Oversold

Regarding Chart: BPCOMQ

This is the lowest close seen in years, usually a sharp and violent rally follows these moves enhanced by short covering, this is no time to short and start making a shopping list.

Bear-ly Hangin" In dustrials

Bear-ly Hangin" In dustrials
Dow Graph: 11/20/07
The Dow looks like its fighting for its life here at the level. It's no surprise there was a vicious bounce off the trend line as shown in the chart. Unfortunately, the last time we had that five hundred point reversal day was caused by the Fed stepping in, there has to be a similar event that helps the market or there is more pain ahead. The Fed minutes said nothing the market really liked, we sold off hard and bounced back hard as we hit support. This was just a reflex rally we may have to get one more really painful selloff to get around 12500.