A Daily Swing Trade

- Dow rallies steadily throughout session, closes above 11,300 level. The index got the break through 11,300 and cruised higher the rest of the day for a big 97 point gain. The index is now holding at three-month highs, which we will watch closely tomorrow.

- The NASDAQ and S&P each pushed steadily higher throughout the session, led by the tech-heavy index. Look for a continuation pattern to form to indicate that continued strength is likely.

Summary

The Dow closed the day with a solid push higher to the Close and is now holding beneath resistance at 11,345. Watch this zone for signs of the next break or reversal. If the index can form a continuation pattern at the highs, we could see much more strength ahead.