Thursday, September 21, 2006
Daily Market Commentary
Updated Wednesday, 9/20 for Thursday's market
Bullish Upmove
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Updated Wednesday, 9/20 for Thursday's market
Key DOW Levels for 9/21 | |
UP | Above 11,650 |
DN | Below 11,575 |
Bullish Upmove
- Dow rallies at Open, maintains gains to the Close. The index closed the day with a solid 72 point gain and now finds itself within a very tight consolidation, which we will watch closely tomorrow.
- The NASDAQ and S&P each rallied early in the day, followed by sideways movement the rest of the session. Watch today's tight range for directional movement tomorrow.
Summary
The Dow closed the day near the highs of the session after beginning the day highly bullish. The index is now holding at the key 11,600 resistance level that has been rock in the face of strength so far this year. Watch it closely.
- The NASDAQ and S&P each rallied early in the day, followed by sideways movement the rest of the session. Watch today's tight range for directional movement tomorrow.
Summary
The Dow closed the day near the highs of the session after beginning the day highly bullish. The index is now holding at the key 11,600 resistance level that has been rock in the face of strength so far this year. Watch it closely.
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