A Daily Swing Trade

- Dow breaks consolidation to upside, rallies for solid gains. The index reversed from the afternoon lows and rallied to a solid 90 point gain.

- The NASDAQ and S&P each each pushed higher today, but the tech-heavy index clearly lagged the broader market. Each index has formed a higher low within the current buying spree from yesterday's lows, which indicates continued strength.

Summary

The Dow closed the day with a solid gain after breaking through and holding above the key 12,150 fulcrum. Continued near-term strength should be seen above this level, unless a violation occurs.