Friday, June 30, 2006
Daily Market Commentary
Updated Thursday, 6/29 for Friday's market
Huge Rally
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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.
- 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.
