Daily US Market Comments 18 Aug 2006 by MastersoEquity.com
FUNDAMENTALS
Markets continue its rally along with collapsing oil prices. Let's see how far this rally can go.
TECHNICALS
Markets move into the overbought region and starts to show signs of taking a breather. It is natural for such short bursts of energy to dissipitate slightly before resuming its trend. The markets are still showing tremendous amount of upwards energy with no definite sign of a reversal yet. Oil prices are back down in oversold region where it tends to rebound. If that happens, it could put some pressure on the market.
Markets continue its rally along with collapsing oil prices. Let's see how far this rally can go.
TECHNICALS
Markets move into the overbought region and starts to show signs of taking a breather. It is natural for such short bursts of energy to dissipitate slightly before resuming its trend. The markets are still showing tremendous amount of upwards energy with no definite sign of a reversal yet. Oil prices are back down in oversold region where it tends to rebound. If that happens, it could put some pressure on the market.
posted by Jason Ng at 8:05 PM
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