Daily Market Comments 27 June 06 by MastersoEquity.com

Markets were up as expected yesterday. DJIA was up 0.51% and NASDAQ was up 0.58%. Markets closed without much excitment as the day of the FMOC meeting draws near. It sure seem like the markets have shaken off the effects of oil prices as the rise in oil price did not seem to affect the market at all unlike how it did last month. Looks like the only event that can move the markets now is the FOMC release this Thursday.

Technically, the bullishness in the market persists with DJIA holding strongly at the 11,000 level and NASDAQ going into a bull flag formation.