Tuesday, July 25, 2006
Daily Market Commentary
Updated Monday, 7/24 for Tuesday's market
Solid Advance
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Updated Monday, 7/24 for Tuesday's market
| Key DOW Levels for 7/24 | |
| UP | Above 11,100 |
| DN | Below 10,900 |
Solid Advance
- Dow breaks consolidation to upside, rallies to the Close. The index rallied through 11,000 to 11,050 and is now holding just beneath a major upper trend line that will be key to watch for medium term direction.
- The NASDAQ and S&P each blasted off right from the Open today and continue to maintain bullish momentum. Watch lower trend lines for early signs of weakness.
Summary
The Dow closed the day near the highs of the session after rocketing out of the tight consolidation at the Open. The index is now approaching a major upper trend line that could be a huge influence to future direction. Watch it closely.
- The NASDAQ and S&P each blasted off right from the Open today and continue to maintain bullish momentum. Watch lower trend lines for early signs of weakness.
Summary
The Dow closed the day near the highs of the session after rocketing out of the tight consolidation at the Open. The index is now approaching a major upper trend line that could be a huge influence to future direction. Watch it closely.
