A Daily Swing Trade

- Dow slowly higher from early lows, but remains beneath 11,150 level. The index pushed slowly higher throughout the day, but never really threatened highs or even resistance at 11,150. The index closed the day with a 48 point gain, but continues to look fairly week within the week's overall downtrend.

- The NASDAQ and S&P each pushed higher from early lows today, but continue to linger just above key support. Watch support closely for signs of key medium term direction.

Summary

The Dow ended the day with a gain after trending slowly higher throughout the session. Despite today's gains, we could see another downside assault. Watch 11,050 for early signs of weakness tomorrow. Otherwise, an upside push through 11,150 will indicate continued slow and steady strength.