Thursday, May 11, 2006
Daily Market Commentary
Updated Wednesday, 5/10 for Thursday's market
Volatility Increasing
Updated Wednesday, 5/10 for Thursday's market
| Key DOW Levels for 5/11 | |
| UP | Above 11,700 |
| DN | Below 11,550 |
Volatility Increasing
- Dow trades quietly early in the day, but volatility picks up steam late in the session.
- NASDAQ and S&P each broke key ranges to the downside today, but it was the NASDAQ that held on to big losses. The S&P bounced from lows, but continues to look a bit vulnerable to another decline behind weakness from the NASDAQ.
Summary
The Dow closed the day in wild and volatile fashion today, but will likely continue to build out before the next key move. Strength above 11,550 should continue to be seen in the medium term if this level remains untouched. Watch 11,670 and 11,600 for early direction.
Read More...- NASDAQ and S&P each broke key ranges to the downside today, but it was the NASDAQ that held on to big losses. The S&P bounced from lows, but continues to look a bit vulnerable to another decline behind weakness from the NASDAQ.
Summary
The Dow closed the day in wild and volatile fashion today, but will likely continue to build out before the next key move. Strength above 11,550 should continue to be seen in the medium term if this level remains untouched. Watch 11,670 and 11,600 for early direction.
