A Daily Swing Trade

- Dow hold gains after volatile session. The index continues to hold firmly above major resistance, which is a nice sign of further strength ahead.

- The NASDAQ and S&P each sold off the day's highs, but the tech-heavy index looks to be in a more bearish mode that the other indexes. Watch for ranges to form at highs before another key move is seen.

Summary

The Dow closed the day off the session's highs, but continues to tack on gains to the overall advance that began Tuesday. Look for the index to continue to build out above 12,350, unless this level is clearly violated.