A Daily Swing Trade

- Dow rallies solidly through morning, but gives back gains with late-day sell-off. The index had rallied over 100 points before staging a big downside reversal to the Close, essentially leaving the Dow with a 10 point gain for the day.

- The NASDAQ and S&P each sold off heavily from early gains today, which is not a great sign for bulls. Keep an eye on key support for signs of bigger weakness.

Summary

The Dow rallied hard to begin the session, but easily gave back all the day's gains via a sharp late-day sell-off. The index is now approaching support at 11,050 yet again, which we will continue to watch for big movement.