MSFT – Microsoft (Last:416.58)

MSFT is taking its sweet old time getting to D=449.42, but it will get there. That’s very significant, because as long as there’s an outstanding rally target in this bellwether, the broad averages will continue to waft higher. A pullback to the green line (x=401.54) would offer an excellent opportunity for bottom-fishing or augmenting a long position. However, I doubt we’ll see such weakness before the stock takes another leap skyward. I will signal any impending swings if they have tradable consequences, but there is little in prospect at the moment.