A Daily Swing Trade

- Dow breaks upper trend line, rallies to resistance at 11,385. The index closed the day with a nice 68 point gain, but continues to be stumped by the 11,385 resistance level, which we will continue to watch closely.

- The NASDAQ and S&P each pushed to new highs today, but continue to struggle at near-term resistance. Watch today's late-day range for further directional clues tomorrow.

Summary

The Dow ended the day with a solid gain after breaking through a clear upper trend line. However, the major 11,385 resistance level held firmly once again. Watch this zone for continued overall strength; otherwise, continued range movement is likely between 11,250 and 11,385.