Daily US Market Comments 09 Nov 2006 by MastersoEquity.com
FUNDAMENTALS
Markets continued its rally yesterday as the energy sector blast ahead with a slight rise in oil prices. The Dow closed yet another all time high and NASDAQ closed a 5 years high at last. The balance of power in the senate remain largely intact, giving some assurance to investors.
TECHNICALS
Markets made a surprising and yet important gain yesterday. Even though gains were small, it has allowed the Dow to close yet another new historical high and NASDAQ into a 5 years high at last. This break to upside is an important one that confirms that the bull trendline is still intact. This, along with the fact that short term stochastics are still not seriously overbought, could lead to more upside to come.
Do You Know You Could Have Made Over 10 Times Your Profit By Trading Options?
Markets continued its rally yesterday as the energy sector blast ahead with a slight rise in oil prices. The Dow closed yet another all time high and NASDAQ closed a 5 years high at last. The balance of power in the senate remain largely intact, giving some assurance to investors.
TECHNICALS
Markets made a surprising and yet important gain yesterday. Even though gains were small, it has allowed the Dow to close yet another new historical high and NASDAQ into a 5 years high at last. This break to upside is an important one that confirms that the bull trendline is still intact. This, along with the fact that short term stochastics are still not seriously overbought, could lead to more upside to come.
Do You Know You Could Have Made Over 10 Times Your Profit By Trading Options?
posted by Jason Ng at 7:18 PM
<< Home