September 17, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Against Prevailing Wisdom

Please click here for a chart of Microsoft stock (MSFT).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of MSFT stock is being used to illustrate the point.
• The chart shows that after touching the low band of the support zone, MSFT stock has moved up in a straight line.
• The chart shows the move up in the early trade on three announcements:
  • Microsoft is announcing a new $60B stock buyback program.