Daily US Market Comments 19 Sep 2006 by MastersoEquity.com
FUNDAMENTALS
Looks like this is going to be a news driven week for the markets. There are currently 2 main market movers... oil prices and interest rates. Oil prices continue to be favorable and whether or not interest rates will continue to stay favorable will depend on what uncle Ben says this Wednesday. Nobody's wiser in this game and it certainly is anybody's guess. Markets are expected to be slightly slow up to the Fed release.
TECHNICALS
Why are you still looking at this section this week? :)
Anyway, technicals continue to maintain yesterday's status quo with markets continuing to rise slowly on retreating volume. Oil prices seemed to have found a short term bottom as it enters a grossly oversold position. A few days sideways will certainly help wear off some of the oversold sentiment on oil prices in order to leave more room to downside.
ARE YOU READY For The Next STOCK MARKET CRASH?
Looks like this is going to be a news driven week for the markets. There are currently 2 main market movers... oil prices and interest rates. Oil prices continue to be favorable and whether or not interest rates will continue to stay favorable will depend on what uncle Ben says this Wednesday. Nobody's wiser in this game and it certainly is anybody's guess. Markets are expected to be slightly slow up to the Fed release.
TECHNICALS
Why are you still looking at this section this week? :)
Anyway, technicals continue to maintain yesterday's status quo with markets continuing to rise slowly on retreating volume. Oil prices seemed to have found a short term bottom as it enters a grossly oversold position. A few days sideways will certainly help wear off some of the oversold sentiment on oil prices in order to leave more room to downside.
ARE YOU READY For The Next STOCK MARKET CRASH?
posted by Jason Ng at 11:30 PM
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