Daily Market Comments 26 June 06 by MastersoEquity.com

The markets ended in an encouraging looking "down day" last Friday. Even though markets were down last Friday, there was a lot of bullishness in that move which makes it look more like it is getting ready to rocket upwards. Advancers and decliners were almost equal which is very unlikely in a bearish market. Markets also closed higher than the low of the rally last Wednesday preserving the bullish sentiment. If the patterns of last week is anything to depend on, today, we may see some more upside coming. This week, the Fed will make their announcement on Thursday and even though we all know that a rate hike is certain, we cannot bet on the fact that is will not move the market downwards when it happens.