Daily US Market Comments 28 Aug 2006 by MastersEquity.com
FUNDAMENTALS
A lack of any real market moving news have resulted in the recent sideways movement in the markets. The gloomy upcoming September Fed release may have put a temporary cap on the market until we see some definite news that will keep the feds at bay.
TECHNICALS
Markets continue to move sideways as it continues to shed its overbought condition. With the 16 Aug low (something I have been talking about for weeks) holding strong, the markets may continue to trade sideways for a while until a definite market mover occurs.
A lack of any real market moving news have resulted in the recent sideways movement in the markets. The gloomy upcoming September Fed release may have put a temporary cap on the market until we see some definite news that will keep the feds at bay.
TECHNICALS
Markets continue to move sideways as it continues to shed its overbought condition. With the 16 Aug low (something I have been talking about for weeks) holding strong, the markets may continue to trade sideways for a while until a definite market mover occurs.
posted by Jason Ng at 12:56 AM
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