Stock Market Analysis

Wednesday, August 16, 2006

Daily US Market Comments 17 Aug 2006 by MastersoEquity.com

FUNDAMENTALS
The markets got what it needed for a rally yesterday... the favorable CPI numbers that we spoke about yesterday. :) This should keep the feds at bay for the next fed meeting. Sit back and enjoy the rally.

TECHNICALS
Markets continue their break to upside with a strong follow up yesterday. This is a definite trend break to upside with a lot of energy and volume. In fact, we might even see the dow challenge the May highs. All signs point to a rally at this point of time. Enjoy. :)


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