Tuesday, June 13, 2006
Daily Market Commentary
Updated Monday, 6/12 for Tuesday's market
Late-Day Decline
Read More...
Updated Monday, 6/12 for Tuesday's market
| Key DOW Levels for 6/13 | |
| UP | Above 10,900 |
| DN | Below 10,750 |
Late-Day Decline
- Dow breaks triangle to downside, drops steadily late in the day.
- The S&P and NASDAQ each broke free from their respective consolidations today, which sent the indexes tumbling. Look for continued weakness upon a break through prior lows.
Summary
The Dow closed the day with a steady sell-off today after breaking the triangle consolidation to the downside early in the day. Look for continued weakness from this pattern, unless 10,900 is crossed to the upside.
- The S&P and NASDAQ each broke free from their respective consolidations today, which sent the indexes tumbling. Look for continued weakness upon a break through prior lows.
Summary
The Dow closed the day with a steady sell-off today after breaking the triangle consolidation to the downside early in the day. Look for continued weakness from this pattern, unless 10,900 is crossed to the upside.
