A Daily Swing Trade

- Dow trades quietly sideways throughout session, remains within key range. The index ontinues to hold above the 12,280 level and continues to build out a potential consolidation range.

- The NASDAQ and S&P each pushed slowly sideways today within their respective ranges, which will likely persist the next couple of days. Continue to watch the key ranges for big movement.

Summary

The Dow closed the day with a mild gain after trading basically sideways throughout the session. The index continues to build out at the highs above 12,280, which indicates continued overall strength. However, watch the Dow's range for key near-term direction.