MSFT Leads Dow and Nasdaq Lower in Early Trading

After 90 minutes of trading the DJIA is down about 30 points, the S&P is up slightly and the Russell 2000 is down about 2 points. The big news this morning; after reporting earnings yesterday MSFT gapped lower and is down over 6%. Since MSFT is a component of both the DJIA and the Nasdaq 100 it is leading both indices lower. CTXS, FISV, RIMM, SNDK and UAUA are moving lower and adding selling pressure to the Nasdaq 100. AGU, MON, MOS and POT are rising after pulling back for two days and are forming potential bullish haramis and bull flags. Trade accordingly.