A Daily Swing Trade

- Dow reverses after early decline, rallies to new highs. The index held firmly at 12,100 before rallying solidly to new all-time highs for another solid 29 point gain. Further strength should be seen if 12,100 continues to hold.

- The NASDAQ continues lead the broader market higher and the S&P continues to follow suit. Look for continued strength above near-term support.

Summary

The Dow ended the day with a modest gain, but held its ground despite a huge sell-off to begin the day. The index will continue to push steadily higher within the current uptrend, unless 12,100 is solidly violated.