Daily Market Comments 20 Apr 06 by MastersoEquity.com

Markets continue to rally yesterday after a very mixed and uncertain early trading session. It was a weak but commendable follow up to the surge we saw 2 days ago. The bulls and the bears struggled hard deciding if the great earning reports and tamed inflation numbers are more significant than the record oil prices. DJIA was up marginally at 0.09%, closing where it opened and NASDAQ was up 0.63%.

Technically, both indexes looks ready to consolidate a little after 2 bullish sessions. However, if the rally is followed up today decisively, we might be witnessing another February rally coming up.


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