A Daily Swing Trade

- Dow trades slowly sideways throughout session, remains near highs. The index basically held ground throughout the day and eventually closed with a modest 22 point loss.

- The NASDAQ and S&P each traded sideways throughout the session today, but are clearly winding up for a potential breakout. Watch their respective consolidations tomorrow.

Summary

The Dow closed the day very quietly today, but continues to hold near the overall highs, which is bullish. If the index can continue to hold above 12,250, we could see another burst of strength soon. Watch this support level closely.