Wednesday, July 05, 2006

 
Daily Market Commentary

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.

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