A Daily Swing Trade

- Dow reverses from 12,700, rallies steadily to the Close. The index bounce at 12,700 indicates more buying is ahead.

- The NASDAQ and S&P each rallied sharply from the day's lows and now sit above key resistance. Watch for more strength ahead, especially if the current support levels hold.

Summary

The Dow closed the day with a nice advance and continues to hold above the clear 12,700 fulcrum, which is bullish heading into tomorrow's market. Look for continued strength above this zone, unless this fulcrum is violated.