Tuesday, February 20, 2007
Daily Market Commentary
Updated Friday, 2/16 for Monday's market.
Still Holding...
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Updated Friday, 2/16 for Monday's market.
| Key DOW Levels for 2/20 | |
| UP | Above 12,800 |
| DN | Below 12,720 |
Still Holding...
- Dow continues holding at highs, stays within tight consolidation. The index closed the day with a very mild 3 point gain, but continues to look positioned for more strength ahead.
- The NASDAQ and S&P each continue to hold within their respective consolidation ranges, which we'll continue to watch for a breakout move. Currently, these ranges point to more upside movement.
Summary
The Dow ended the day with a mild advance to close the session barely higher. The index continues to hold above major resistance, which is promising of more strength. Watch 12,720 and 12,800 for a near-term breakout move Tuesday.
- The NASDAQ and S&P each continue to hold within their respective consolidation ranges, which we'll continue to watch for a breakout move. Currently, these ranges point to more upside movement.
Summary
The Dow ended the day with a mild advance to close the session barely higher. The index continues to hold above major resistance, which is promising of more strength. Watch 12,720 and 12,800 for a near-term breakout move Tuesday.
Read More...
