A Daily Swing Trade

- Dow trades sideways throughout session, continues holding near highs. The index continues to hold near the overall highs just beneath 12,350, but looks a bit over-extended at this point.

- The NASDAQ and S&P each traded quietly sideways throughout the session, forming clear consolidations in the process. Look for further development of these ranges before the next key move.

Summary

The Dow ended the day quietly, as the index basically traded sideways throughout the session. The index continues to hold near highs just beneath key resistance at 12,350, which we will continue to watch for key direction.