Thursday, September 28, 2006

 
Daily Market Commentary

Updated Wednesday, 9/27 for Thursday's
market


Key DOW Levels for 9/28

UP

Above 11,750

DN

Below 11,650


Holding...

- Dow closes at multi-year highs, holds firmly above 11,650. The index basically held its ground throughout the session and tacked on 22 points by the end of the day.

- The NASDAQ was a bit reserved today, while the S&P mirrored the Dow's gains to the Close. Each index continues to push steadily higher, but could use the help of a continuation pattern.

Summary

The Dow ended the day with a quiet gain today, but was able to hold on to recent overall gains and remain above 11,650. Look for the index to continue to build out at the highs, as it builds toward its next breakout move.

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