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.

Chart goes here.

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%

 

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