Thursday, June 29, 2006
Daily Market Commentary
Updated Wednesday, 6/28 for Thursday's market
Late-day Advance
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Updated Wednesday, 6/28 for Thursday's market
| Key DOW Levels for 6/29 | |
| UP | Above 11,100 |
| DN | Below 10,900 |
Late-day Advance
- Dow drags early, but rallies steadily to the Close.
- The S&P and NASDAQ each pushed slowly lower throughout the session, but rallies solidly to the Close. Each index continues to wind up for the big breakout move.
Summary
The Dow ended the day with a nice bounce to the Close, but continues to wind up within the boundaries of the large triangle range, which will definitely pack some punch once a breakout occurs. Continue to watch 10,900 for another round of weakness.
- The S&P and NASDAQ each pushed slowly lower throughout the session, but rallies solidly to the Close. Each index continues to wind up for the big breakout move.
Summary
The Dow ended the day with a nice bounce to the Close, but continues to wind up within the boundaries of the large triangle range, which will definitely pack some punch once a breakout occurs. Continue to watch 10,900 for another round of weakness.
