Daily US Market Comments 08 Jan 2006 by MastersoEquity.com

This is the beginning of a brand new week in the markets once again. Always feels good to be back in the action.

Last week has been a lacklustre week in the markets. The show of strong bullishness that all traders hoped for did not happen and was replaced by a strong display of profit taking. The Fed continued to hint at not cutting interest rates soon, housing price looked like it has yet to find a bottom and all major indices lasped into a neutral trend from a bull trend.

This week will continue to be a week of important releases like the Trade Deficit, oil inventory and Wholesale inventories numbers on Wednesday, jobless claim on Thursday and retail sales on Friday. These numbers will continue to answer bits and pieces of the question of, "Is the US economy slowing down into a recession or Is the US economy still under inflationary pressure?" and continue to leave traders of different beliefs to walk their beliefs in the markets. This is the exactly where the alluring beauty of the US stock markets lies.