A Daily Swing Trade

- Dow reverses from early lows, maintains two-day gains. If the index can continue to hold above support, we could see more strength ahead.

- The NASDAQ and S&P each continue to hold near the overall highs of the recent two-day advance, which is positive. However, we could see more range movement unless resistance is clearly crossed.

Summary

The Dow closed the day off the day's highs, but continues to hold gains after rallying yesterday. Look for the index to continue to build out within the large trading range until a solid breakout occurs.