Friday, December 15, 2006

 
Daily Market Commentary

Updated Thursday, 12/14 for Friday's market.


Key DOW Levels for 12/15

P

Above 12,450

DN

Below 12,300


Breakout & Rally...

- Dow finally breaks resistance, rallies to the Close. The index is now holding firmly above resistance and could be headed higher still.

- The NASDAQ and S&P each broke out of key ranges today and proceeded to rally. Look for continuation pattern to push these higher.

Summary

The Dow has finally broken key resistance and has reached all-time highs yet again. If the index can continue to build out above resistance, we could see much more strength ahead.

Read More...

Comments: Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?