Daily US Market Comments 12 Sep 2006 by MastersoEquity.com
FUNDAMENTALS
Oils continue to be in the spot light yesterday as it fell for a sixth straight day, further into the downtrend that has already been developed. This has given the stock markets a slight lift. So, my opinion yesterday continues to stand today... as long as oil prices continue to drop to healthier levels along with a favorable fed release, the stock markets will see an all time high soon.
TECHNICALS
Not a big up day yesterday but one that is very important and very bullish. A higher than normal volume supported yesterday's little rally and gave credibility to a short term bottom for both NASDAQ and the Dow. This could be the staging area for a bullish week ahead. Let's watch and see.
PROBABLY THE MOST ACCURATE STOCK PICKS EVER!
Oils continue to be in the spot light yesterday as it fell for a sixth straight day, further into the downtrend that has already been developed. This has given the stock markets a slight lift. So, my opinion yesterday continues to stand today... as long as oil prices continue to drop to healthier levels along with a favorable fed release, the stock markets will see an all time high soon.
TECHNICALS
Not a big up day yesterday but one that is very important and very bullish. A higher than normal volume supported yesterday's little rally and gave credibility to a short term bottom for both NASDAQ and the Dow. This could be the staging area for a bullish week ahead. Let's watch and see.
PROBABLY THE MOST ACCURATE STOCK PICKS EVER!
posted by Jason Ng at 8:40 PM
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