Daily US Markets Comments 01 Sep 2006 by MastersoEquity.com
FUNDAMENTALS
Iran has refused to stop uranian enrichment program as expected and no impact was seen in the markets. Markets traded flat along with a flat oil price. Consumer confidence didn't seem to move the markets very much. I suspect the markets could be technically driven at least for these few days.
TECHNICALS
Markets continue to trade sideways as it struggles against key short term resistance levels. Sentiments in the markets continue to be more bullish as they make higher lows against 2 days ago. With the trend line continuing to rise steeply, we should see a break pretty soon.
Iran has refused to stop uranian enrichment program as expected and no impact was seen in the markets. Markets traded flat along with a flat oil price. Consumer confidence didn't seem to move the markets very much. I suspect the markets could be technically driven at least for these few days.
TECHNICALS
Markets continue to trade sideways as it struggles against key short term resistance levels. Sentiments in the markets continue to be more bullish as they make higher lows against 2 days ago. With the trend line continuing to rise steeply, we should see a break pretty soon.
posted by Jason Ng at 8:44 PM
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