Monday, May 01, 2006
Daily Market Commentary
Updated Friday, 4/28 for Monday's market
Another Volatile Session
Updated Friday, 4/28 for Monday's market
| Key DOW Levels for 5/1 | |
| UP | Above 11,425 |
| DN | Below 11,250 |
Another Volatile Session
- Dow rallies sharply from early lows, but trades back to lows in volatile session.
- NASDAQ lagged the broader market today, as the Dow and S&P each ran higher early in the session. Eventually, all indexes pushed lower after topping out early in the day, leaving them beneath key upper lines for Monday's market.
Summary
The Dow closed another volatile session lower today, as the index ran into resistance at 11,400 yet again. Look for the index to continue to struggle in this zone ahead of the next key move. Further range movement is likely between 11,250 and 11,425 before decisive movement will be seen.
Read More...
- NASDAQ lagged the broader market today, as the Dow and S&P each ran higher early in the session. Eventually, all indexes pushed lower after topping out early in the day, leaving them beneath key upper lines for Monday's market.
Summary
The Dow closed another volatile session lower today, as the index ran into resistance at 11,400 yet again. Look for the index to continue to struggle in this zone ahead of the next key move. Further range movement is likely between 11,250 and 11,425 before decisive movement will be seen.
Read More...
