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Microsoft (MSFT) issued weak guidance last night. The outlooks for consumer PC and business PC guidance were both disappointing.
This is interesting and potentially negative for two reasons:
Google’s free Linux-based operating system appears to be gaining market share schools. There also seems to be a growing push for Chromebooks in the enterprise space as Dell, Lenovo and Samsung push new computers.
No one else seems to be connecting the dots yet, but this could be a trend to watch. MSFT is trying to grow in the cloud with services like Azure, but still relies heavily on traditional PC sales and Windows. A challenge from GOOGL in the PC market might not be priced in.
Regional banks had a big surge in late 2023. Now, after a period of consolidation, some traders may expect further gains. The first pattern on today’s chart of the SPDR S&P Regional Banking ETF is the falling trendline along the highs of January and early March....
Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity? The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may...
Downloads are available here. TradeStation’s ideas on TradingView are available here. Register for Market Trends here. Sizing Up the S&P 500 Potential short-term range on S&P 500: 5057: 2/27 low 5127: 3/4 low of 5127 Potential "shooting star" on...