Thursday, May 25, 2006
Daily Market Commentary
Updated Wednesday, 5/24 for Thursday's market
Still Consolidating..
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Updated Wednesday, 5/24 for Thursday's market
| Key DOW Levels for 5/25 | |
| UP | Above 11,225 |
| DN | Below 11,025 |
Still Consolidating..
- Dow trades sideways within range, continues building toward a breakout.
- NASDAQ and S&P each put in new lows today and have now expanded their respective trading ranges. Look to these ranges for key direction.
Summary
The Dow closed today's volatile session with a mild gain and continues to hold firmly within the boundaries of the developing consolidation. This consolidation is clearly the pattern to watch for the next big medium term move. Watch 11,200 and 11,025 for early signs of a breakout move.
- NASDAQ and S&P each put in new lows today and have now expanded their respective trading ranges. Look to these ranges for key direction.
Summary
The Dow closed today's volatile session with a mild gain and continues to hold firmly within the boundaries of the developing consolidation. This consolidation is clearly the pattern to watch for the next big medium term move. Watch 11,200 and 11,025 for early signs of a breakout move.
