Daily Market Comments 28 June 06 by MastersoEquity.com

Markets slipped yesterday and fell through the veil of bullishness. Markets backed down all the way to their immediate support levels with NASDAQ down 1.57% and DJIA down 1.09%. The FED release tomorrow along with the central bank's monetary policy review has created such an air of uncertainty and pressure that it is no longer easy to keep the market afloat. Oil prices are on the rise again and that serves to add fuel to fire. Big giant GM is slated to post lower sales numbers too.

Overall, the market sentiments is extremely bearish and is a good time for most traders to lay off a little until the dust settles.