A Daily Swing Trade

- Dow breaks 12,600 to upside, rallies to triple-digit gains. The index was able to hold above the 12,600 zone throughout the session and eventually closed near the day's highs with a 102 point gain, which is clearly the best gain of the month.

- The NASDAQ and S&P each opened the session with big strength today, and look poised for another big move. Watch the major triangle pattern in the NASDAQ for key, guiding direction.

Summary

The Dow closed out a solid session near the day's highs, but is once again approaching major resistance at 12,700, which turned the index away in big fashion earlier in the month. Look for the index to build out above 12,600, as it gears up for a potential test of 12,700.