A Daily Swing Trade

- Dow pulls back from yesterday's highs, holds firmly above 12,700. The index closed the day with a 48 point loss, but continues to hold above the key 12,700 level, which is bullish moving forward.

- The NASDAQ and S&P each pushed higher from early lows today, but the tech-heavy index looks much stronger than the broader market. Look for continued upside strength, as it continues to lead higher.

Summary

The Dow ended the day with a loss, but continues to hold above the clear 12,700 fulcrum. Watch for more strength above this zone tomorrow, unless a violation occurs.