Daily US Market Comments 13 Nov 2006 by MastersoEquity.com
FUNDAMENTALS
Markets closed mixed last Friday with slight inclination to upside. This is hardly surprising given the new highs made last week. With no new data to rock the market, the only thing left to look at is this quarter's earnings release. With the earnings coming in very positively so far and no big moves upwards in oil prices, markets remain optimistic.
TECHNICALS
Markets closed sideways last Friday in what looks like another short term consolidation. The Markets have been rising and consolidating and then rising in steps so far. With the rising trendlines still strongly intact, the current trend looks set to continue until we see some changes in future.
Shadow Every Of My Masterful Trades and Moves Here!
Markets closed mixed last Friday with slight inclination to upside. This is hardly surprising given the new highs made last week. With no new data to rock the market, the only thing left to look at is this quarter's earnings release. With the earnings coming in very positively so far and no big moves upwards in oil prices, markets remain optimistic.
TECHNICALS
Markets closed sideways last Friday in what looks like another short term consolidation. The Markets have been rising and consolidating and then rising in steps so far. With the rising trendlines still strongly intact, the current trend looks set to continue until we see some changes in future.
Shadow Every Of My Masterful Trades and Moves Here!
posted by Jason Ng at 7:07 PM
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