MS - general trend remains UP

Morgan Stanley (MS) was recently plagued with some rather dubious online rumours/chatter, yet its overall trend has remained upward. Despite the ongoing 8 day pullback from $18.50 into the mid 16s, its still holding up rather well.


MS, daily

Summary

Only with a break under $15, would the mid-term trend start to become bearish again. From a bullish perspective, the big $20 looks viable by end October if the sp' can break to a new high >1474.

The 'doomers' will want to see the $12 low taken out, which right now, looks simply implausible, even if the SP' pulled back to 1350.