A Daily Swing Trade

- Dow pushes higher, closes above 12,000 for first time. The index closed the day with a 19 point gain and is now winding up within a very tight triangle type range, as seen in the 15 Mute Chart. A breakout from this range could offer big movement.

- The NASDAQ and S&P each pushed higher at the Open, but closed the day fairly quietly. Each continues to honor just above near-term support and within clear consolidation patterns. Watch these ranges tomorrow.

Summary

The Dow ended the day quietly higher today and is now winding up within the boundaries of a developing triangle consolidation. Look for a breakout from this range for the next key move. A downside break through the major lower trend line at 11,950 could spark heavy selling.