Trends and Targets for 29/01/2019

Microsoft Corp #Gold #SP500 The market is just a couple of days away from #Microsoft next earnings report (30 Jan 2019) and thus far, it’s looking fairly encouraging. At time of writing, it’s trading around 107, needing above 110 to give some optimism as this should prove capable of an initial 115.

Our secondary, if bettered, is perhaps more important as, should Microsoft better 115, it calculates as capable of a new all time high at a believable 130.

Despite the drops at the end of last December, we’re inclined to a degree of optimism here, if only due to the effort made to regain the uptrend since 2017. In fact, were this a UK listed item, we’d suspect the drops to be an effort to trigger stops, along with sell orders, prior to any rise! Contrary to such a jaundiced view is the important detail the price was not simply spiked downward, it dropped and stayed down for a few sessions. Perhaps it was indeed an early warning of coming trouble.

We’d certainly be alarmed at any reversal now below 100p as this calculates with the potential of a trip to 79 initially with secondary, if broken, down at 70.

If only due to liking Windows 10, we’re inclined to suspend distrust and suspect Microsoft shall head upward again! All will be revealed late on Wednesday evening.

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
9:43:01PM	BRENT	59.88									Success
9:44:20PM	GOLD	1303.8	1296	1294	1290.5	1302	1304.5	1309	1329.5	1286
9:46:55PM	FTSE	6769.74									‘cess
9:49:03PM	FRANCE	4894.7									‘cess
9:51:16PM	GERMANY	11234
10:03:38PM	US500	2642.57	2622	2613.5	2594	2647	2647	2655	2667	2633	‘cess
10:06:50PM	DOW	24502.5									Success
10:08:55PM	NASDAQ	6694									‘cess
10:12:11PM	JAPAN	20573

28/01/2019 FTSE Closed at 6747 points. Change of -0.91%. Total value traded through LSE was: £ 5,089,763,697 a change of -7.38%