Monday, March 19, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Friday, 3/16 for Monday's market.
HIn the Range...
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Courtesy of Nirvana Systems
Updated Friday, 3/16 for Monday's market.
| Key DOW Levels for 3/19 | |
| UP | Above 12,200 |
| DN | Below 11,950 |
HIn the Range...
- Dow opens with volatility, closes quietly. The index closed the day lower by 49 points, but ended very quietly. Look for a potentially big breakout move to occur next week.
- The NASDAQ and S&P each pulled back from early highs today, but remain within clear consolidation ranges. Watch these ranges closely for direction Monday.
Summary
The Dow closed the day lower, but almost looks ready to challenge resistance at 12,350. Watch 12,200 for early signs of strength, unless 12,050 is taken out.
- The NASDAQ and S&P each pulled back from early highs today, but remain within clear consolidation ranges. Watch these ranges closely for direction Monday.
Summary
The Dow closed the day lower, but almost looks ready to challenge resistance at 12,350. Watch 12,200 for early signs of strength, unless 12,050 is taken out.
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