Tuesday, September 12, 2006
Daily Market Commentary
Updated Friday, 9/8 for Monday's market
Back at 11,400
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Updated Friday, 9/8 for Monday's market
| Key DOW Levels for 9/11 | |
| UP | Above 11,450 |
| DN | Below 11,325 |
Back at 11,400
- Dow trends slowly higher throughout session, halts advance at 11,400. The index closed the day just beneath this key level and ended the day with a 61 point gain.
- The NASDAQ and S&P each pushed slowly higher throughout the session, but continue to look bearish in the medium term. Watch the consolidation ranges for a breakout Monday.
Summary
The Dow ended the day with a nice gain after pushing higher throughout the day. The index is now holding just beneath the key 11,400 fulcrum, which we will continue to watch. Keep an eye on the large head-and-shoulders pattern that could be forming the Daily and 60 Minute Charts.
- The NASDAQ and S&P each pushed slowly higher throughout the session, but continue to look bearish in the medium term. Watch the consolidation ranges for a breakout Monday.
Summary
The Dow ended the day with a nice gain after pushing higher throughout the day. The index is now holding just beneath the key 11,400 fulcrum, which we will continue to watch. Keep an eye on the large head-and-shoulders pattern that could be forming the Daily and 60 Minute Charts.
Read More...
