Sunday, October 01, 2006
Daily Market Commentary
Updated Thursday, 9/28 for Friday's market
Still Consolidating...
Read More...
Updated Thursday, 9/28 for Friday's market
| Key DOW Levels for 9/29 | |
| UP | Above 11,750 |
| DN | Below 11,650 |
Still Consolidating...
- Dow trades sideways throughout session, forms clear consolidation. The index closed the day with a 29 point gain for the session, but closed just 10 points below the all-time closing highs.
- The NASDAQ and S&P continue to wind up within their respective consolidations. However, the NASDAQ continues to be a bit more reserved than the broader market, which is concerning to big medium term strength.
Summary
The Dow ended the day with a modest gain and is now holding at the top of the clear consolidation that has formed at the overall highs. Look for further range movement ahead of the next key breakout.
- The NASDAQ and S&P continue to wind up within their respective consolidations. However, the NASDAQ continues to be a bit more reserved than the broader market, which is concerning to big medium term strength.
Summary
The Dow ended the day with a modest gain and is now holding at the top of the clear consolidation that has formed at the overall highs. Look for further range movement ahead of the next key breakout.
Read More...
