Tuesday, March 13, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Monday, 3/12 for Tuesday's market.
12,350 Holds...
Read More...
Courtesy of Nirvana Systems
Updated Monday, 3/12 for Tuesday's market.
| Key DOW Levels for 3/13 | |
| UP | Above 12,350 |
| DN | Below 12,200 |
12,350 Holds...
- Dow rises slowly to 12,350, sells off to the Close. The index kissed the level before dropping steadily to the Close, ending the day with a 42 point gain.
- The NASDAQ and S&P each traded back and forth throughout the session and continue to build out large triangle ranges. These ranges could continue to build out ahead of a potential breakout move.
Summary
The Dow ended the day with a gain after pushing slowly higher throughout much of the session. However, the key 12,350 resistance level rejected the index again and continues to play a major role as a fulcrum. Continue to watch this zone for the next key break or bounce.
- The NASDAQ and S&P each traded back and forth throughout the session and continue to build out large triangle ranges. These ranges could continue to build out ahead of a potential breakout move.
Summary
The Dow ended the day with a gain after pushing slowly higher throughout much of the session. However, the key 12,350 resistance level rejected the index again and continues to play a major role as a fulcrum. Continue to watch this zone for the next key break or bounce.
Read More...
