A Daily Swing Trade

- Dow rallies at Open, consolidates to the Close. The index proceeded to trade sideways at the highs the rest of the session within a very tight 30 point range, but still managed to close with a solid 116 point gain.

- The NASDAQ and S&P each rallied early, followed by slow and steady movement sideways the rest of the day. Look for a breakout from today's consolidation range for key direction tomorrow.

Summary

The Dow rallied solidly at the Open of the day and was able to hold gains to the Close, which is bullish heading into tomorrow's market. However, the Dow remains firmly implanted within the boundaries of the large trading range that continues to span from 11,950 to 12,350. Watch for a larger breakout from this range for major movement.