A Daily Swing Trade

- Dow rallies throughout session, sets another all-time high. The index closed out above 12,600 for the first time ever, the index didn't really breakaway in an aggressive manner, which could mean we still have a fight at 12,600 to deal with.

- The NASDAQ and S&P each received huge bounces to the upside today, but with the Dow and S&P hitting new highs, the NASDAQ continues to lag overall. Look for continued strength, especially should continuation patterns form.

Summary

The Dow closed the session with a nice late-day advance, which pushed the index over the hump of 12,600. Look for the index to continue to struggle in this zone, unless 12,635 is crossed and held.