Daily US Market Comments 21 Sep 2006 by MastersoEquity.com
FUNDAMENTALS
Market sentiments were correct for once. Markets rallied even before the Fed release and continued on after a retreat after the release to make 5 year highs. With the Feds continuing to pause interest rate hikes along with oil prices making 5 month lows, the market forms an extremely healthy baseline for the rally to go on.
TECHNICALS
The Dow is only a 100 points away from making a historical high. That will no doubt be a strong resistance level which must be overcome today on healthy volume. The uptrend remains strong and intact.
Where Can You Get The Best Option Trading Books?
Market sentiments were correct for once. Markets rallied even before the Fed release and continued on after a retreat after the release to make 5 year highs. With the Feds continuing to pause interest rate hikes along with oil prices making 5 month lows, the market forms an extremely healthy baseline for the rally to go on.
TECHNICALS
The Dow is only a 100 points away from making a historical high. That will no doubt be a strong resistance level which must be overcome today on healthy volume. The uptrend remains strong and intact.
Where Can You Get The Best Option Trading Books?
posted by Jason Ng at 12:14 AM
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