Wednesday, June 21, 2006

 
Daily Market Commentary

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.

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