Wednesday, May 10, 2006

 
Daily Market Commentary

Updated Tuesday, 5/9 for Wednesday's
market

Key DOW Levels for 5/10

UP

Above 11,700

DN

Below 11,550


Steady Continuation...

- Dow continues slow, steady advance, pushes to new highs yet again.
- While the Dow pushed steadily higher, the NASDAQ and S&P each held firmly within the boundaries of clear consolidations. Look for continued range movement within these ranges until a solid breakout is seen.

Summary

The Dow ended the day with another steady advance and continues to push toward all time highs for the index. The index continues to pull away from the major 11,425 resistance level and will likely continue to exude strength as long as it remains above 11,550.

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