Tuesday, September 26, 2006
Daily Market Commentary
Updated Monday, 9/25 for Tuesday's market
Steady Advance
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Updated Monday, 9/25 for Tuesday's market
| Key DOW Levels for 9/26 | |
| UP | Above 11,650 |
| DN | Below 11,470 |
Steady Advance
- Dow reverses from early lows, pushes steadily higher to the Close. The index eventually closed the day with a solid 68 point gain, but continues to hold within a very large trading range that we will continue to monitor.
- The NASDAQ and S&P each rallied sharply from early lows and are now testing key resistance levels. Look for a continuation pattern to indicate that continued strength is likely.
Summary
The Dow ended the day with a solid rally after bouncing near key support early in the day. The index continues to build out within the boundaries of a large trading range, which we will continue to watch closely.
- The NASDAQ and S&P each rallied sharply from early lows and are now testing key resistance levels. Look for a continuation pattern to indicate that continued strength is likely.
Summary
The Dow ended the day with a solid rally after bouncing near key support early in the day. The index continues to build out within the boundaries of a large trading range, which we will continue to watch closely.
Read More...
