Wednesday, June 21, 2006
Daily Market Commentary
Updated Tuesday, 6/20 for Wednesday's market
Holding...
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Updated Tuesday, 6/20 for Wednesday's market
Key DOW Levels for 6/20 | |
UP | Above 11,025 |
DN | Below 10,900 |
Holding...
- Dow ends session with a gain, forms clear consolidation range at highs.
- The S&P and NASDAQ each traded mostly sideways-to-down today, but continue to hold near the overall highs of the latest advance. An upside break from their respective ranges could fire up another solid advance soon.
Summary
The Dow closed a fairly indecisive session higher today, and continues to hold within the boundaries of a potentially bullish consolidation. A breakout from this range could be big for medium term movement.
- The S&P and NASDAQ each traded mostly sideways-to-down today, but continue to hold near the overall highs of the latest advance. An upside break from their respective ranges could fire up another solid advance soon.
Summary
The Dow closed a fairly indecisive session higher today, and continues to hold within the boundaries of a potentially bullish consolidation. A breakout from this range could be big for medium term movement.