Friday, April 28, 2006
Daily Market Commentary
Updated Thursday, 4/27 for Friday's market
Volatile Session
Read More...
Updated Thursday, 4/27 for Friday's market
| Key DOW Levels for 4/28 | |
| UP | Above 11,425 |
| DN | Below 11,250 |
Volatile Session
- Dow trades back and forth in highly volatile session, holds at key 11,400 level.
- NASDAQ and S&P each closed a crazy session with gains today, but continue to hold beneath breakout points. Look for a solid breakout to establish a new uptrend soon. Otherwise, further volatility will brew within the current ranges.
Summary
The Dow closed a wild session with a modest gain, but the index held firmly beneath major resistance at 11,400. Look for the index to continue to struggle in this zone until clear direction is established. A break from 11,425 or 11,370 should yield nice movement tomorrow.
- NASDAQ and S&P each closed a crazy session with gains today, but continue to hold beneath breakout points. Look for a solid breakout to establish a new uptrend soon. Otherwise, further volatility will brew within the current ranges.
Summary
The Dow closed a wild session with a modest gain, but the index held firmly beneath major resistance at 11,400. Look for the index to continue to struggle in this zone until clear direction is established. A break from 11,425 or 11,370 should yield nice movement tomorrow.
