Daily Market Comments 20 June 06 by MastersoEquity.com

Without much surprise, the markets corrected further under profit taking pressure yesterday, obliterating almost all of the gains from the rally of 3 days ago. DJIA was down by 0.66% and NASDAQ down by 0.92%. The drop have been broadbased and few stocks were spared. Such is the market conditions of today... if there is no display of a strong follow up to any rally, profit takers will soon rush in to bring things down to earth again.

Technically, we still see some momentum in the market to upside and that the lows of 3 days ago have not been breached. This may cast a little light to the market today, so, let's hang on and keep the faith.