Thursday, July 27, 2006
Daily Market Commentary
Updated Wednesday, 7/26 for Thursday's market
Steady Advance
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Updated Wednesday, 7/26 for Thursday's market
| Key DOW Levels for 7/27 | |
| UP | Above 11,175 |
| DN | Below 11,025 |
Steady Advance
- Dow pushes slowly higher from early lows, tests key 11,150 level. The index smacked into the key 11,150 resistance level and dropped to the close for a 1 point loss. Watch 11,150 closely for key direction..
- The NASDAQ and S&Peach rallied from early lows to test resistance today, but failed to break out. Watch resistance tomorrow for a break or bounce.
Summary
The Dow ended the day basically flat after testing critical resistance at 11,150 today, but could get another crack at this level tomorrow. Watch 11,175 for a potential breakout and 11,025 for early signs of key weakness.
- The NASDAQ and S&Peach rallied from early lows to test resistance today, but failed to break out. Watch resistance tomorrow for a break or bounce.
Summary
The Dow ended the day basically flat after testing critical resistance at 11,150 today, but could get another crack at this level tomorrow. Watch 11,175 for a potential breakout and 11,025 for early signs of key weakness.
