The One That Got Away, Or Has It? Microsoft

March 4, 2024

Mish's Daily

By Mish Schneider

Over the weekend I mentioned how on Valentine’s Day, I talked with Jon Erlichman of Bloomberg about what tradeable instrument I would date and which one I would marry.

He also asked me, to comment on which instrument I believed got away?

To refresh memories, I am dating COIN-up over 12% to start the week.

I married silver, up nearly 3% on Monday.

But the one that got away?

Microsoft has been consolidating between $400-$420 since Valentine’s Day.

Does that mean I still have a chance?

The simple answer is yes.

Since the highs were put into place on February 9th at around $420, MSFT has traded narrowly.

Plus, it remains above the January 6-month calendar range high at around 395.

What we will watch for is when MSFT starts to outperform the benchmark and when momentum clears the February 14th or V-day level.

These tools should correspond to a breakout over the trading range and help us determine a good risk point.

We believe MSFT can head up to $485, especially as we are huge fans of Co-Pilot, MSFT’s latest AI software.


For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

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Mish in the
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Business First AM All About Coinbase Why Mish still loves this stock 02-29-24

Your Daily Five StockchartsTV Want to know why leaders tend to lead and what the next leaders might be? 8 ETFs in 15 minutes 02-29-24

Yahoo Finance After the PCE report, Mish explains why inflation is on hold but could return-and what to look for-plus, reshoring and the vanity trade 02-29-24

CNA Asia Mish opens the Singapore trading day discussion FED policy and why right now, the markets are close to perfect 02-28-24

CNA Asia Radio Similar to the theme on the TV show, Mish goes into more depth on the US consumer, inflation and how the markets could be finding healthy rotation 02-28-24

Business First AM Mish lays out the 3 major criterial and teach you tactical/practical ways to assess a top (all in 3 minutes). HYG IWM January calendar range When Is It Time To Take Profits? 02-20-24

Final Bar with Dave Keller StockChartsTV Guest Mish breaks down the four charts she's watching during a market pullback and why she remains constructive on stocks 02-14-24

BNN Bloomberg Valentines Day-What stocks do you love, want to marry, regret not holding 02-12-24

Financial Sense with Jim Pupluva Credit card balances for US consumers are climbing. Is this yet a concern for the market and economic outlook? 02-07-24


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ETF Summary

S&P 500 (SPY) 510 now pivotal

Russell 2000 (IWM) 212 next major resistance and 205 support

Dow (DIA) 385 support 400 resistance

Nasdaq (QQQ) New highs today yet made with a whimper

Regional banks (KRE) 45-50 range

Semiconductors (SMH) Sister Parabolic-watch those gaps to hold/fail

Transportation (IYT New all-time high now 280 support

Biotechnology (IBB) Looking at 140-142 next levels to clear

Retail (XRT) 75.50 support

iShares iBoxx Hi Yd Cor Bond ETF (HYG) 77 big number to hold (still)

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