• We saw another good day in the stock market yesterday.  However, we’re going to have to see better earnings GUIDANCE if this bounce is going to be something that is more than a short-term one that worked off a short-term overbought condition.
  • MSFT stands at a key level on a technical basis.  Therefore, how it reacts to its earnings/guidance is going to be very important for the stock on an intermediate-term basis.  (Longer-term, its prospects are still excellent.)


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