Thursday, January 11, 2007
Daily Market Commentary
Updated Wednesday, 1/10 for Thursday's market.
Reversal from Lows...
Read More...
Updated Wednesday, 1/10 for Thursday's market.
| Key DOW Levels for 1/11 | |
| P | Above 12,475 |
| DN | Below 12,350 |
Reversal from Lows...
- Dow bounces higher from key support yet again, but remains within tight consolidation range. The index reversed course and rallied slowly to the Close to end the day with a 26 point gain.
- The NASDAQ continues to lead the way higher, but the broader market has been reluctant to push in either direction over the last four or five days of trading. Look for the NASDAQ to remain strong with the S&P finally agreeing with move.
Summary
The Dow ended the day with a nice rise from the session's lows after being rebuffed by key support at 12,350 yet again. Look for the index to finally get a big breakout opportunity through 12,465 tomorrow.
- The NASDAQ continues to lead the way higher, but the broader market has been reluctant to push in either direction over the last four or five days of trading. Look for the NASDAQ to remain strong with the S&P finally agreeing with move.
Summary
The Dow ended the day with a nice rise from the session's lows after being rebuffed by key support at 12,350 yet again. Look for the index to finally get a big breakout opportunity through 12,465 tomorrow.
Read More...
