Daily US Market Comments 27 Nov 2006 by MastersoEquity.com
FUNDAMENTALS
Markets were down slightly last Friday with a slight rebound in oil price. Retail sales are starting to pick up for the holiday season and that might help give a boost to the retail sector and hopefully the overall market.
TECHNICALS
Markets continue its sideways consolidation last Friday. Even though the Dow was down quite a bit, it's trendline remains intact as it plays out its staircase pattern. Oil rebounded slightly but is still within the context of a sideways pattern too. No surprises as all indices continue to look good to upside.
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Markets were down slightly last Friday with a slight rebound in oil price. Retail sales are starting to pick up for the holiday season and that might help give a boost to the retail sector and hopefully the overall market.
TECHNICALS
Markets continue its sideways consolidation last Friday. Even though the Dow was down quite a bit, it's trendline remains intact as it plays out its staircase pattern. Oil rebounded slightly but is still within the context of a sideways pattern too. No surprises as all indices continue to look good to upside.
Want To Shadow Every OF My Masterful Option Trading Moves Daily?
posted by Jason Ng at 7:13 PM
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