Daily US Market Comments 24 Nov 2006 by MastersoEquity.com
FUNDAMENTALS
Welcome back from the holiday. Markets were up before the holiday with NASDAQ posting the greatest gain. Surprisingly, the favorable oil inventory numbers didn't manage to push oil prices down very significantly as it continues to trade above $59 right now.
TECHNICALS
NASDAQ has made a topside break from its short consolidation while the Dow continues to go sideways. Oil also continued sideways despite the favor oil inventory numbers. We are unlikely to see much changes today either from the short market day today.
See How Ordinary People Like You Make Over 100% Profit Every Month!
Welcome back from the holiday. Markets were up before the holiday with NASDAQ posting the greatest gain. Surprisingly, the favorable oil inventory numbers didn't manage to push oil prices down very significantly as it continues to trade above $59 right now.
TECHNICALS
NASDAQ has made a topside break from its short consolidation while the Dow continues to go sideways. Oil also continued sideways despite the favor oil inventory numbers. We are unlikely to see much changes today either from the short market day today.
See How Ordinary People Like You Make Over 100% Profit Every Month!
posted by Jason Ng at 5:42 PM
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