Tuesday, September 26, 2006

 
Daily Market Commentary

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.

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