A Daily Swing Trade

- Dow trades sideways throughout session, continues development of consolidation. The index closed another quiet session with a modest 9 point gain, but continues to gear up for a potentially huge breakout move.

- The NASDAQ and S&P each traded slowly sideways today, but look to be developing 'topping out' patterns. Look for a breakout from this range for the next big move.

Summary

The Dow ended the day slightly higher, but continues to hold within the boundaries of the current five-day consolidation. Look for an eventual breakout from this consolidation for the next key move.