Friday, June 30, 2006

 
Daily Market Commentary

Updated Thursday, 6/29 for Friday's
market

Key DOW Levels for 6/30

UP

Above 11,300

DN

Below 11,025


Huge Rally

- Dow breaks triangle to upside, rallies for huge gains.

- The S&P and NASDAQ each opened strong this morning, but finished even stronger. Key patterns were broken to the upside, which could field an more strength ahead.

Summary

The Dow closed the day with a huge gain today after blow through the top of the large triangle range. The index is now in a good position to continue pushing higher still. Look for continued overall strength above 11,000.

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