Monday, October 09, 2006
Daily Market Commentary
Updated Friday, 10/6 for Monday's market
Consolidating...
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Updated Friday, 10/6 for Monday's market
| Key DOW Levels for 10/9 | |
| UP | Above 11,900 |
| DN | Below 11,800 |
Consolidating...
- Dow trades sideways throughout session, continues development of consolidation. The index lost just 16 points for the day, but continues to hold firmly within the boundaries of a tight consolidation that has formed from 11,800 to 11,875.
- The NASDAQ and S&P each traded sideways throughout the session to end the day slightly lower. Look for more range movement ahead of the next breakout move.
Summary
The Dow ended the day quietly lower after trading sideways throughout the session. The index continues to build out a tight consolidation at the highs, which could spark the next key breakout move. Watch this range closely Monday.
- The NASDAQ and S&P each traded sideways throughout the session to end the day slightly lower. Look for more range movement ahead of the next breakout move.
Summary
The Dow ended the day quietly lower after trading sideways throughout the session. The index continues to build out a tight consolidation at the highs, which could spark the next key breakout move. Watch this range closely Monday.
Read More...
