Daily US Market Comments 27 Sep 2006 by MastersoEquity.com
FUNDAMENTALS
Markets continue its bullish highway yesterday with the Dow closing just 53 points off historical highs! With oil prices finding a support near $61 and a very favorable economic outlook, there are even talks on the street pointing to not only a continued pause in interest rates but an actual REDUCTION in interest rates by end of the year! Of course, these are only speculations but these talks do generate the kind of bullish undercurrent to fuel a continued rally.
TECHNICALS
Markets continue its rally as expected and we should see a testing of the historical highs today by the Dow. This is a very critical point to overcome WITH enthusiastic participation in order to ensure a continued rally.
Do You Want To Know How We Made 53.5% Profit Yesterday?
Markets continue its bullish highway yesterday with the Dow closing just 53 points off historical highs! With oil prices finding a support near $61 and a very favorable economic outlook, there are even talks on the street pointing to not only a continued pause in interest rates but an actual REDUCTION in interest rates by end of the year! Of course, these are only speculations but these talks do generate the kind of bullish undercurrent to fuel a continued rally.
TECHNICALS
Markets continue its rally as expected and we should see a testing of the historical highs today by the Dow. This is a very critical point to overcome WITH enthusiastic participation in order to ensure a continued rally.
Do You Want To Know How We Made 53.5% Profit Yesterday?
posted by Jason Ng at 11:10 PM
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