Friday, June 16, 2006
Daily Market Commentary
Updated Thursday, 6/15 for Friday's market
Mega Rally
Read More...
Updated Thursday, 6/15 for Friday's market
| Key DOW Levels for 6/16 | |
| UP | Above 11,050 |
| DN | Below 10,850 |
Mega Rally
- Dow breaks through 10,850, rallies a whopping 200 points for the day.
- The S&P and NASDAQ closed the day with a solid advance after breaking near-term upper trend lines. Look for a potential reaction at the major upper trend lines tomorrow.
Summary
The Dow closed the day with huge gain after rallying steadily from yesterday's lows to today's Close. The index is now holding just beneath a major upper trend line, which will definitely be a key player in the next move. Watch 11,050 for continued overall strength.
- The S&P and NASDAQ closed the day with a solid advance after breaking near-term upper trend lines. Look for a potential reaction at the major upper trend lines tomorrow.
Summary
The Dow closed the day with huge gain after rallying steadily from yesterday's lows to today's Close. The index is now holding just beneath a major upper trend line, which will definitely be a key player in the next move. Watch 11,050 for continued overall strength.
