Tuesday, October 24, 2006
Daily Market Commentary
Updated Monday, 10/23 for Tuesday's market.
Steady Rally...
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Updated Monday, 10/23 for Tuesday's market.
| Key DOW Levels for 10/24 | |
| UP | Above 12,150 |
| DN | Below 12,000 |
Steady Rally...
- Dow rallies above 12,000, closes at all-time highs. The index held at the highs throughout the session and recorded a solid 115 point gain for the session.
- The NASDAQ and S&P each rallied solidly to begin the day. Look for continued overall strength, unless key near-term support levels are violated.
Summary
The Dow closed the day at the highs of the session after rallying big to begin the day. The index is now holding at the highs of the session and could build out the tight consolidation for another rally soon. Watch for continued strength, unless 12,050 is violated.
- The NASDAQ and S&P each rallied solidly to begin the day. Look for continued overall strength, unless key near-term support levels are violated.
Summary
The Dow closed the day at the highs of the session after rallying big to begin the day. The index is now holding at the highs of the session and could build out the tight consolidation for another rally soon. Watch for continued strength, unless 12,050 is violated.
Read More...
