Daily US Market Comments 06 Oct 2006 by MastersoEquity.com
FUNDAMENTALS
Markets slowed its advance yesterday amidst talks by Fed officials that further rate hikes may be necessary and the rebound in oil price. Interestingly, none of these news have caused the market to move down at all. Even though it was a slightly weaker advance, it is an advance nonetheless and not a surprisingly small one especially after such a huge advance the day before. Today's Job report will definitely have an impact on the market. Let's watch what happens.
TECHNICALS
Markets continued its expected advance yesterday. It is hardly surprising to see such a small advance yesterday as a huge advance as the day before tends to lead on to a few weaker days. Trendlines stay intact as markets take the slow track back into the overbought region.
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Markets slowed its advance yesterday amidst talks by Fed officials that further rate hikes may be necessary and the rebound in oil price. Interestingly, none of these news have caused the market to move down at all. Even though it was a slightly weaker advance, it is an advance nonetheless and not a surprisingly small one especially after such a huge advance the day before. Today's Job report will definitely have an impact on the market. Let's watch what happens.
TECHNICALS
Markets continued its expected advance yesterday. It is hardly surprising to see such a small advance yesterday as a huge advance as the day before tends to lead on to a few weaker days. Trendlines stay intact as markets take the slow track back into the overbought region.
We Made Another 17% Profit From CNQ Yesterday! Join Us NOW!
posted by Jason Ng at 1:39 AM
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