Daily Market Comments 23 June 06 by MastersoEquity.com

Markets were down yesterday with DJIA down 0.54% and NASDAQ down 0.85%. So, is this a "Breather" or is this a "Beating"? I would say at this point of time that although NASDAQ surrendered most of its gains from 2 days ago, the markets are taking more of a breather right now with DJIA looking much stronger than NASDAQ. Markets started to make a slow and gradual recovery off their lows after mid day in a move that lasted the rest of the trading day which is a very encouraging sign. No matter how encouraging, we still need the market to make a more definitive move to upside today before we can say that a rally is indeed possible.