Daily US Market Comments 03 Aug 2006 by MastersoEquity.com
FUNDAMENTALS
An upday in the market which is really just a sideways neutral day yesterday. Markets took a boost from favorable earnings but thats just about all there is to it. A slew of uncertainty continue to reign in the background... the heat wave and its effect on energy, the oil reserves being lesser than estimate, the coming hurricane, the middle east crisis and Uncle Ben's release next week. This is a market on the loose...
TECHNICALS
Markets continue to trade sideways at the top of the respective price channels. We are back where we were 2 days ago again and it is time again for the markets to prove itself.
An upday in the market which is really just a sideways neutral day yesterday. Markets took a boost from favorable earnings but thats just about all there is to it. A slew of uncertainty continue to reign in the background... the heat wave and its effect on energy, the oil reserves being lesser than estimate, the coming hurricane, the middle east crisis and Uncle Ben's release next week. This is a market on the loose...
TECHNICALS
Markets continue to trade sideways at the top of the respective price channels. We are back where we were 2 days ago again and it is time again for the markets to prove itself.
posted by Jason Ng at 7:40 PM
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