A Daily Swing Trade

- Dow ells early advance, drops just shy of key 12,000 level. The index came within a few points of hitting the key 12,000 zone and bounced to the Close for an eventual 51 point loss.

- The NASDAQ and S&P each sold off big compared to the Dow today, especially the tech-heavy index. Today's break could be the first spark to big selling this month.

Summary

The Dow closed the day with a nice bounce that recovered some of the day's losses, but the index remains vulnerable to key weakness ahead. Watch 12,000 closely, as a break or bounce in this zone could influence the next key medium term move.