Marekt: I said this morning: "MSFT has an analyst's day meeting on January 5th. Given the dismal recent performance and oversold nature of this issue, it could bounce in reaction or in anticipation to this meeting giving the NDX some lift."
MSFT did not make a lower low with the NDX this morning and seems to be breaking up from a four day downtrend line here. Still ugly but showing signs of life. Worth watching.