We looked at the charts and indicators of Microsoft (MSFT) on October 15 and wrote that "Next stop for MSFT appears to be $345." MSFT delivered a great quarter Tuesday and was indicated to open higher this Wednesday.
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Some beaten-up small caps, biotechnology, cannabis, and growth stocks shined, but other areas were still caught in the drizzle.
This is what makes bearish markets or choppy markets so difficult.
The market will start to sort out the 'good' stocks that have been unfairly punished from the 'bad' stocks that don't deserve better valuations.