Thursday, July 06, 2006
Daily Market Commentary
Updated Wednesday, 7/5 for Thursday's market
Pull-Back
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Updated Wednesday, 7/5 for Thursday's market
| Key DOW Levels for 7/6 | |
| UP | Above 11,200 |
| DN | Below 11,100 |
Pull-Back
- Dow pulls back from highs, holds at lows.
- The S&P and NASDAQ each sold off steadily to begin the day and look poised to pull back even further. The S&P is holding above near-term support and the NASDAQ is consolidating at lows, watch these patterns closely.
Summary
The Dow closed the day lower after beginning the session with a swift decline. The index is holding within the boundaries of a clear consolidation, which will clearly give us out next medium term move.
- The S&P and NASDAQ each sold off steadily to begin the day and look poised to pull back even further. The S&P is holding above near-term support and the NASDAQ is consolidating at lows, watch these patterns closely.
Summary
The Dow closed the day lower after beginning the session with a swift decline. The index is holding within the boundaries of a clear consolidation, which will clearly give us out next medium term move.
