Stock Market Analysis

Thursday, April 06, 2006

Daily Market Comments 7 Apr 06 by

A neutral day in the markets yesterday with DJIA down a mere 0.21% and NASDAQ up a mere 0.06%. There were no news moving the markets and the bulls and bears both had their time of the day. This may also be a calm before the release of employment data which could fire inflationary fears. In my humble opinion, the release of this data may not have a significant impact because no matter which way it goes, it will still be percieved as a negative event. It ought to have been factored into the markets by now.

Looking at the technicals, the status quo have been maintained with DJIA continuing its small up trend after bouncing off the 30MA lately and NASDAQ struggling at new highs.

FREE! : 7 Days FREE eCourse To Get You Ready For Option Trading!

Links to this post:

Create a Link

<< Home