Daily US Market Comments 17 Sep 2006 by MastersoEquity.com
FUNDAMENTALS
Markets continue its strong rally last Friday on the ever decreasing oil price and the optimism that now surrounds the next Fed release. Investors should now be on the alert for any suddenly changes that may affect the markets.
TECHNICALS
Status quo have been maintained in the markets as it continue to rise. The Dow will be challenging its all time high very soon and should be a level where we should see some strong resistance. NASDAQ has broken above its 200MA on short and long term time frames on heavy volume and we should more upside to come.
DID YOU MISS MAKING 20% PROFIT IN ONE DAY???
Markets continue its strong rally last Friday on the ever decreasing oil price and the optimism that now surrounds the next Fed release. Investors should now be on the alert for any suddenly changes that may affect the markets.
TECHNICALS
Status quo have been maintained in the markets as it continue to rise. The Dow will be challenging its all time high very soon and should be a level where we should see some strong resistance. NASDAQ has broken above its 200MA on short and long term time frames on heavy volume and we should more upside to come.
DID YOU MISS MAKING 20% PROFIT IN ONE DAY???
posted by Jason Ng at 7:10 PM
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