Wednesday, July 05, 2006
Daily Market Commentary
Updated Monday, 7/3 for Wednesday's market
Steady Advance
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Updated Monday, 7/3 for Wednesday's market
| Key DOW Levels for 7/5 | |
| UP | Above 11,300 |
| DN | Below 11,100 |
Steady Advance
- Dow trends steadily higher in shortened session.
- The S&P and NASDAQ each pushed higher today, closing the day at the session's highs. Each index continues to look strong within the current uptrend, but will likely need a larger continuation pattern for bigger strength.
Summary
The Dow ended the day at the highs of the day, but is holding within the boundaries of a very tight consolidation. Watch this range closely, as a breakout will determine the next key move.
- The S&P and NASDAQ each pushed higher today, closing the day at the session's highs. Each index continues to look strong within the current uptrend, but will likely need a larger continuation pattern for bigger strength.
Summary
The Dow ended the day at the highs of the day, but is holding within the boundaries of a very tight consolidation. Watch this range closely, as a breakout will determine the next key move.
