A Daily Swing Trade

- Dow holds throughout the session, maintains the week's big gains. The index continues to set successive all-time closing highs, but continues to look over-extended in the near term.

- The NASDAQ and S&P each continue to push higher within the current uptrend, but may be over-extended in the near-term. Look for a period of consolidation to occur at the highs before another key move is seen.

Summary

The Dow closed the day with another gain to extend the all-time closing highs for the third straight session. The index looks to be in a holding pattern at this point, however, as it looks to regain its momentum. Watch the 11,800 level as the next key fulcrum for medium term direction.