A Daily Swing Trade

- Dow breaks through 12,250, rallies throughout session. The index continues to look poised for another run at new highs, but needs to hold above 12,200.

- The NASDAQ and S&P each rallied steadily throughout most of the session today and look poised for more bullish behavior. Watch for a potential continuation pattern to form near highs for another advance.

Summary

The Dow closed the day with a nice gain after breaking through the top of the initial triangle at 12,250. However, we could see this pattern build out a bit more before a much bigger move is seen. Watch 12,325 closely tomorrow.