Wednesday, May 24, 2006
Daily Market Commentary
Updated Tuesday, 5/23 for Wednesday's market
in the Range..
Read More...
Updated Tuesday, 5/23 for Wednesday's market
| Key DOW Levels for 5/24 | |
| UP | Above 11,200 |
| DN | Below 11,025 |
in the Range..
- Dow holds at 11,200, stays within clear trading range.
- NASDAQ and S&P each pulled back from early highs today, but continue to build out within the boundaries of a potential continuation range. Watch this range closely for key direction ahead.
Summary
The Dow closed the day with a steady drop from intraday resistance at 11,200. The index continues to build out within the boundaries of the large consolidation from 11,040 to 11,200, which we will continue to watch for the big breakout. Watch this range closely.
- NASDAQ and S&P each pulled back from early highs today, but continue to build out within the boundaries of a potential continuation range. Watch this range closely for key direction ahead.
Summary
The Dow closed the day with a steady drop from intraday resistance at 11,200. The index continues to build out within the boundaries of the large consolidation from 11,040 to 11,200, which we will continue to watch for the big breakout. Watch this range closely.
