MSFT is in a definite and good upward trend after breaking out from a base, though momentum is not very strong.

I have spoken about the shares of "The Magnificent Seven". So, let's take a look at the names in this group and rank them according to their relative strength. A few companies announced important news, but the move towards the "Great Seven" stocks is considered somewhat defensive.

It is a way for institutions to accumulate shares very quickly and participate in the wider market. So, we are seeing price movement here. Then, on October 5, Goldman Sachs also released a report concerning institutional holdings of these "Great Seven" stocks.

What we have seen is a huge leap. Their stake in the "M7" names reached 22% in October, compared to 15% in July. So, let's take a look at the companies that made headlines last week, such as Microsoft (MSFT), where the company announced that it is working with Nvidia on a joint hardware integration in progress.

As you can see, we had this good breakout from the base towards a continued upward trend. We are not seeing very strong momentum, but that certainly does not negate the fact that we are in a definite and good upward trend with Microsoft.

So, let's take a look at the companies that made headlines last week, such as Microsoft (MSFT), where the company announced that it is working with Nvidia on a joint hardware integration in progress.

As you can see, we had this good breakout from the base towards a continued upward trend. We are not seeing very strong momentum , but that certainly does not negate the fact that we are in a definite and good upward trend with Microsoft.