MSFT spent yet another week hopscotching lower on voodoo numbers that point toward more tedium. The look of the chart should be no comfort to bulls, since it shows DaBoyz slathering on layers of supply since early 2024. Never underestimate their ability to goose this stock 30 points higher in a relative blink of an eye, however, since they’ve demonstrated great cunning at instigating short-covering gaps on the opening bar. Their pony may do just one trick, but the trick makes it much harder to get short and stay short as the stock edges toward the ledge of a $100 drop-off. More immediately, I expect the initial plunge to hit 373.39 before the stock can gain traction. A rally touching 435.47 first would offer an excellent opportunity to get short.
MSFT – Microsoft (Last:407.80)
