Daily Market Comments 11 May 06 by MastersoEquity.com
Not surprisingly, the Feds did raise interest rates to a new 5 years high to 5%. What's surprising is that the markets took it pretty well with DJIA closing marginally higher by 0.2% and NASDAQ coming down by 0.75%.
Technically, we see a neutral day for DJIA maintaining status quo and NASDAQ surprisingly retreated from the 2340 mark. Could this be a start of a downwards channel or a tighter 2300 - 2340 channel for NASDAQ? Let's see what answers will be revealed over the next few days.
ALERT : We Made 25% Profit on TOMO over the last few turbulent days. See How We Did It Here!
Technically, we see a neutral day for DJIA maintaining status quo and NASDAQ surprisingly retreated from the 2340 mark. Could this be a start of a downwards channel or a tighter 2300 - 2340 channel for NASDAQ? Let's see what answers will be revealed over the next few days.
ALERT : We Made 25% Profit on TOMO over the last few turbulent days. See How We Did It Here!
posted by Jason Ng at 7:17 PM
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