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Is Microsoft a bellwether for stocks? If so, this chart is not all that great

Is Microsoft a bellwether for stocks? If so, this chart is not all that great

Much of focus in the markets are interrelated. Stocks go higher, dollar moves lower, yields move lower, gold goes higher. That is the playbook.

Then you look inside and see what you can see.

Looking at a bellwether in the stock market, Microsoft, it gapped higher today and in the process moved above its 100 day MA at $252.02. The high price reached $263.92. The 200 day MA? $263.70.

So the price moved above its 200 day MA and stalled $0.22 later. That is not a good sign... Read More

Posted: Dec 13 2022, 17:21
Author Name: forexlive
Views: 110817

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