I've got to run away
--Soft Cell
Let go small Microsoft (MSFT) position into yesterday's strength. Many folks are getting bulled up on Mr Softee based on the recent price action.
The present setup, however, can also be interpreted as a double top. Couple that with TD 13 sell signals ringing on nearly every index on the planet (sign of correlation), and I'm a better seller than buyer at these levels.
A snivlet of Cisco (CSCO) constitutes sole long equity exposure.
position in CSCO
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It's Microsoft versus mankind, with Microsoft having only a slight lead.
~Larry Ellison
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