Tuesday, June 27, 2006
Daily Market Commentary
Updated Monday, 6/26 for Tuesday's market
Late-day Advance
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Updated Monday, 6/26 for Tuesday's market
| Key DOW Levels for 6/27 | |
| UP | Above 11,100 |
| DN | Below 10,950 |
Late-day Advance
- Dow holds throughout session, rises to the Close.
- The S&P and NASDAQ each traded quietly today, but the tech-heavy index fell behind on the late-day rally to the Close by the S&P. Each index continues to wind up within their respective ranges, which could offer big breakout potential.
Summary
The Dow closed the day with a nice late-day rally to the Close, but continues to hold at the center of the large triangle that continues to develop in the 60 Minute Chart. Watch for a solid breakout from this range for key medium-to-long term direction.
- The S&P and NASDAQ each traded quietly today, but the tech-heavy index fell behind on the late-day rally to the Close by the S&P. Each index continues to wind up within their respective ranges, which could offer big breakout potential.
Summary
The Dow closed the day with a nice late-day rally to the Close, but continues to hold at the center of the large triangle that continues to develop in the 60 Minute Chart. Watch for a solid breakout from this range for key medium-to-long term direction.
