A Daily Swing Trade

- Dow continues steady advance, closes near highs. The index has now run 147 points after breaking out of the triangle yesterday, but still needs to hit 11,650 before the target is reached.

- The NASDAQ and S&P each held gains today, but the tech-heavy index was much more reluctant to rally like the Dow and S&P. Look for a breakout from a continuation pattern to indicate that further strength is likely.

Summary

The Dow closed the day with another solid gain and continues to extend gains out of the triangle. Look for a continuation pattern to form en route to the potential target of 11,650. The index should continue to be highly bullish above 11,500.