Thursday, June 15, 2006
Daily Market Commentary
Updated Wednesday, 6/14 for Thursday's market
Late-Day Strenght
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Updated Wednesday, 6/14 for Thursday's market
| Key DOW Levels for 6/15 | |
| UP | Above 10,850 |
| DN | Below 10,715 |
Late-Day Strenght
- Dow swings back and forth throughout the session, but rallies nicely to the Close.
- The S&P and NASDAQ each trailed slowly lower before popping late in the day. Keep an eye on on the clear upper trend lines, as they could lead to a nice intraday rally tomorrow.
Summary
The Dow closed the day with a nice rally to end the session with a nice 111 point gain. The index has now gotten an upside break through the steep upper trend line, which could spark a nice reaction rally after the steady decline. Watch 10,850 and 10,725 for early signs of key movement.
- The S&P and NASDAQ each trailed slowly lower before popping late in the day. Keep an eye on on the clear upper trend lines, as they could lead to a nice intraday rally tomorrow.
Summary
The Dow closed the day with a nice rally to end the session with a nice 111 point gain. The index has now gotten an upside break through the steep upper trend line, which could spark a nice reaction rally after the steady decline. Watch 10,850 and 10,725 for early signs of key movement.
