Daily US Market Comments 14 Aug 2006 by MastersoEquity.com
FUNDAMENTALS
Middle East Cease Fire Happened At Last! :) Oil prices are coming back down before market opens today. Could this be the break that we have been waiting for so long? Could this be where the market breaks out of its sideways motion at last? It is still extremely hard to tell even with the futures pointing sharply up right now. The markets have been going down on the good news and moving up on the bad news so far so we will have to see how it goes.
TECHNICALS
Markets have been sideways at their respective resistance levels as if waiting for something to happen. Major indices have expanded their energy at these resistance levels and are seeing near term stochastics in oversold position again... we could see a potential break at this level with the amount of potential energy being built up.
Middle East Cease Fire Happened At Last! :) Oil prices are coming back down before market opens today. Could this be the break that we have been waiting for so long? Could this be where the market breaks out of its sideways motion at last? It is still extremely hard to tell even with the futures pointing sharply up right now. The markets have been going down on the good news and moving up on the bad news so far so we will have to see how it goes.
TECHNICALS
Markets have been sideways at their respective resistance levels as if waiting for something to happen. Major indices have expanded their energy at these resistance levels and are seeing near term stochastics in oversold position again... we could see a potential break at this level with the amount of potential energy being built up.
posted by Jason Ng at 5:07 AM
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