Daily US Market Comments 05 Sep 2006 by MastersoEquity.com
FUNDAMENTALS
Welcome back from the labor day long weekend. Looking back at the markets last Friday, we see an encouraging break to upside with the continued correction in the oil price. Oil prices are hitting new lows daily and have been the primary market mover so far. The next big thing to look forward to this month will be the coming Fed release which many analyst see the rate hikes being reinstated.
TECHNICALS
The markets followed through with its break to upside last Friday on lesser than desired volume. The lack of participation is probably due to the long weekend and we would certainly like to see the market follow through with a high volume day today.
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Welcome back from the labor day long weekend. Looking back at the markets last Friday, we see an encouraging break to upside with the continued correction in the oil price. Oil prices are hitting new lows daily and have been the primary market mover so far. The next big thing to look forward to this month will be the coming Fed release which many analyst see the rate hikes being reinstated.
TECHNICALS
The markets followed through with its break to upside last Friday on lesser than desired volume. The lack of participation is probably due to the long weekend and we would certainly like to see the market follow through with a high volume day today.
50% CASH REBATE ON OUR STOCK PICK PLANS!
Yes! To celebrate the launch of our automated stock pick log in system, we are offering a 50% cash rebate on any of our stock pick plans! Profit with us on the very day you sign up!
posted by Jason Ng at 7:55 PM
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