Tuesday, October 24, 2006
Daily Market Commentary
Updated Friday, 10/20 for Monday's market.
Still Holding...
Read More...
Updated Friday, 10/20 for Monday's market.
| Key DOW Levels for 10/23 | |
| UP | Above 12,050 |
| DN | Below 11,940 |
Still Holding...
- Dow pushes back and forth around 12,000, closes relatively flat. The indexeventually closed the day with a small loss, but remained barely above the 12,000 level.
- The NASDAQ and S&P each traded mostly sideways-to-up after the early weakness. Each continues to hang within their respective ranges, which could be on the verge of a big breakout opportunity.
Summary
The Dow closed the day with a 9 point loss and continues to struggle in the 12,000 zone. The index has maintained a highly bullish stance within a clear uptrend, but a huge violation through 11,950 could spark big weakness.
- The NASDAQ and S&P each traded mostly sideways-to-up after the early weakness. Each continues to hang within their respective ranges, which could be on the verge of a big breakout opportunity.
Summary
The Dow closed the day with a 9 point loss and continues to struggle in the 12,000 zone. The index has maintained a highly bullish stance within a clear uptrend, but a huge violation through 11,950 could spark big weakness.
Read More...
