Tuesday, June 20, 2006
Daily Market Commentary
Updated Monday, 6/19 for Tuesday's market
Steady Weakness
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Updated Monday, 6/19 for Tuesday's market
| Key DOW Levels for 6/19 | |
| UP | Above 11,075 |
| DN | Below 10,900 |
Steady Weakness
- Dow reverses from upper trend line, ends session lower.
- The S&P and NASDAQ each dragged lower from their respective highs today and continue to hold beneath key upper lines. Watch for continued range movement tomorrow, as the indexes gear up for the next big move.
Summary
The Dow ended the day lower after reversing down from the major upper trend line at 11,050. The is now holding ground between 10,900 and 11,050 just beneath the upper trend line. A breakout from this range will likely influence key market direction.
- The S&P and NASDAQ each dragged lower from their respective highs today and continue to hold beneath key upper lines. Watch for continued range movement tomorrow, as the indexes gear up for the next big move.
Summary
The Dow ended the day lower after reversing down from the major upper trend line at 11,050. The is now holding ground between 10,900 and 11,050 just beneath the upper trend line. A breakout from this range will likely influence key market direction.
