A Daily Swing Trade

- Dow reverses from major trend line, rallies steadily to the Close. The major lower trend line, seen in the Daily and 60 Minute Charts continues to be a major force in the highly bullish uptrend, which will remain the 'norm' as long as it remains in tact.

- The NASDAQ and S&P each rallied solidly today, but looked to have tapered off to the Close. Look for each to hold gains tomorrow, as long as intraday support levels remain in tact.

Summary

The Dow closed the day with a solid gain after rallying fiercely at the Open and maintaining the gains to the Close. The index will likely look to hold gains tomorrow, as a potential continuation pattern forms. Look for continued overall strength above 12,050, unless this level is violated.