A Daily Swing Trade

- Dow strades sideways yet again, holds within tight range around 11,300 level. The index closed the day quietly with a 20 point loss, but should get more movement next week.

- The NASDAQ and S&P each continue to trade slowly and steadily sideways. Look for a confirmed breakout opportunity for direction Monday.

Summary

The Dow closed the day quietly today, and continues to hold within the boundaries of a tight range just above key support at 11,250. If the Dow can remain above 11,250, the index will have a solid shot at continued overall strength. Otherwise, a break through support could spark big selling.