Wednesday, March 21, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Tuesday, 3/20 for Wednesday's market.
Slow Advance...
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Courtesy of Nirvana Systems
Updated Tuesday, 3/20 for Wednesday's market.
| Key DOW Levels for 3/21 | |
| UP | Above 12,350 |
| DN | Below 12,200 |
Slow Advance...
- Dow pushes slowly higher throughout session, gains 62 points. The index continues to push slowly higher, but is now approaching major resistance at 12,350.
- The NASDAQ and S&P each pushed slowly higher today, closing at the day's highs. Look for continued potential sideways movement at resistance, unless a move occurs away from this zone.
Summary
The Dow closed the day near the highs of the session after trending slowly higher throughout the day. The index continues to hold within the large trading range, but is approaching key resistance at 12,350. Watch this zone closely.
- The NASDAQ and S&P each pushed slowly higher today, closing at the day's highs. Look for continued potential sideways movement at resistance, unless a move occurs away from this zone.
Summary
The Dow closed the day near the highs of the session after trending slowly higher throughout the day. The index continues to hold within the large trading range, but is approaching key resistance at 12,350. Watch this zone closely.
Read More...
