A Daily Swing Trade

- Dow tests 12,000, trades quietly sideways to the Close. The index struggled at 12,000 throughout the day and basically sat idle before closing the session with a 12 point loss.

- The NASDAQ and S&P each held at their respective lows today, as very tight consolidations formed. Look for a breakout from these patterns for key direction.

Summary

The Dow ended the day quietly, as the index basically traded sideways the entire session. The index continues to spar with the 12,000 level, which we will continue to watch the next key move.