Wednesday, April 26, 2006
Daily Market Commentary
Updated Tuesday, 4/25 for Wednesday's market
Sloppy Session
- Dow drags lower in volatile and sloppy session.
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Updated Tuesday, 4/25 for Wednesday's market
| Key DOW Levels for 4/26 | |
| UP | Above 11,350 |
| DN | Below 11,250 |
Sloppy Session
- Dow drags lower in volatile and sloppy session.
- NASDAQ and S&P each pushed slowly lower today, but really do not look poised a big decline. The indexes are holding lows well, which could eventually lead to a nice upside recovery.
Summary
The Dow ended the day near the lows of the session, but continues to hold above the 11,250 fulcrum. This is clearly the level that will influence direction tomorrow. A break or reversal in this zone could lead to a nice trend for the session. An upside push through 11,325 could spark a nice retest of resistance at 11,400.
Summary
The Dow ended the day near the lows of the session, but continues to hold above the 11,250 fulcrum. This is clearly the level that will influence direction tomorrow. A break or reversal in this zone could lead to a nice trend for the session. An upside push through 11,325 could spark a nice retest of resistance at 11,400.
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