Friday, May 26, 2006
Daily Market Commentary
Updated Thursday, 5/25 for Friday's market
Steady Uptrend
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Updated Thursday, 5/25 for Friday's market
| Key DOW Levels for 5/26 | |
| UP | Above 11,250 |
| DN | Below 11,025 |
Steady Uptrend
- Dow trends higher throughout session, tests 11,200.
- NASDAQ and S&P each pushed steadily higher throughout the session today and are now approaching key resistance. Watch these zones closely tomorrow for direction.
Summary
The Dow ended the day at the highs of the session after pushing steadily higher throughout the day. The index closed the day testing key resistance at 11,200, which indicates optimism in the market. Watch 11,250 for a break to indicate continued strength in the near-term. Otherwise, a break back below 11,150 will make for another cause for selling within the range.
- NASDAQ and S&P each pushed steadily higher throughout the session today and are now approaching key resistance. Watch these zones closely tomorrow for direction.
Summary
The Dow ended the day at the highs of the session after pushing steadily higher throughout the day. The index closed the day testing key resistance at 11,200, which indicates optimism in the market. Watch 11,250 for a break to indicate continued strength in the near-term. Otherwise, a break back below 11,150 will make for another cause for selling within the range.
