Stock Market Analysis

Tuesday, April 18, 2006

Daily Market Comments 19 Apr 06 by

A big big up day yesterday at the markets. DJIA was up 1.76% and NASDAQ was up 1.95% with the feds hinting at the end of the rising interest rates. It was a broad based rally that looked a little suspicious as there was no confirmation of stopping interest rates hike afterall. Such a rally is rarely sustainable and must be followed up with considerable strength tomorrow.

Technically, the DJIA and NASDAQ has rallied on a similar move on January 2006. We shall set our eyes peeled on the next few days.

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