A Daily Swing Trade

- Dow sharply at Open, trends higher throughout session. The index held at 11,200 throughout much of the day before finally breaking to the upside to eventually close the day with a solid 132 point gain.

- The NASDAQ and S&P each pushed solidly higher at the Open, but the tech-heavy index led the charge throughout the session. Look for a possible continuation pattern to form to indicate continued strength.

Summary

The Dow closed the day with a nice gain after getting a sharp advance at the Open. The index closed the day at the highs of the session and is now approaching key resistance at 11,300, which we will watch closely for big strength. A break back below 11,175 could be an early sign of weakness.