Thursday, September 28, 2006
Daily Market Commentary
Updated Wednesday, 9/27 for Thursday's market
Holding...
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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.
- 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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