Friday, July 28, 2006
Daily Market Commentary
Updated Thursday, 7/27 for Friday's market
Mid-Day Decline
Read More...
Updated Thursday, 7/27 for Friday's market
| Key DOW Levels for 7/28 | |
| UP | Above 11,200 |
| DN | Below 11,050 |
Mid-Day Decline
- Dow sells off from early highs, drops back to key 11,100 level. The index closed the day with a 2 point loss, but could be gearing up for a much steeper decline.
- The NASDAQ and S&P each sold off from early highs today and continue to be rejected by resistance. Today's decline could be the beginning of much more selling ahead.
Summary
The Dow closed the day with a small loss today and is showing a reluctance to break through the top of the large range at 11,200. Watch 11,050 for early signs of weakness tomorrow, unless 11,200 is solidly crossed.
- The NASDAQ and S&P each sold off from early highs today and continue to be rejected by resistance. Today's decline could be the beginning of much more selling ahead.
Summary
The Dow closed the day with a small loss today and is showing a reluctance to break through the top of the large range at 11,200. Watch 11,050 for early signs of weakness tomorrow, unless 11,200 is solidly crossed.
Read More...
