A Daily Swing Trade

- Dow pushes steadily lower throughout session, holds at key 12,100. The index index trailed lower to the Close and eventually closed the day at the key 12,100 zone with a 73 point loss.

- The NASDAQ and S&P each fell from the day's highs today, but basically held firmly above key near-term support. Watch these support levels tomorrow.

Summary

The Dow ended the day precisely at the 12,100 level today after it steadily declined throughout the session. The index continues to pull-back from the 12,200 resistance level, which could cause a longer retracement, especially if 12,050 is violated.