A Daily Swing Trade

- Dow trades quietly throughout much of the day, remains within key consolidation. The index continues to trade within the boundaries of a clear consolidation range, which we will continue to watch closely.

- The NASDAQ and S&P each opened the day with big gains, but immediately sold off from the day's highs. Each index eventually pushed higher to the Close, with the NASDAQ pushing the envelope. Look for continued overall strength above key near-term support.

Summary

The Dow closed the day highly quietly today and continues to build out within the key consolidation pattern. Look for more range movement until a solid breakout is seen. Continued strength should be seen above 12,250.