A Daily Swing Trade

- Dow reverses from early lows, rallies solidly through 12,200. The index eventually reached a high of 12,290 before getting a steady decline to the Close for an eventual 34 point gain, but more overall strength should be seen.

- The NASDAQ and S&P each pushed slowly higher throughout the session, but ended the day on a bearish note. Each should maintain overall strength above key support, however.

Summary

The Dow closed the day near the highs of the day, preserving the prior day's gains plus tacking on more profits in the process. The index continues to hold firmly above resistance at 12,200, which will continue to be a key fulcrum in the charts.