Friday, March 30, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Thursday, 3/29 for Friday's market.
Round Trip...
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Courtesy of Nirvana Systems
Updated Thursday, 3/29 for Friday's market.
| Key DOW Levels for 3/30 | |
| UP | Above 12,400 |
| DN | Below 12,250 |
Round Trip...
- Dow drops steadily throughout session, reverses and rallies to the Close. The index closed the day with a 48 point gain and continues to hold at the key 12,350 fulcrum, which we will watch closely.
- The NASDAQ and S&P each rallied late in the day after beginning the session in a very weak manner. The indexes continue to hold within the current four-day downtrend, which we will watch for a continuation or a change in trend.
Summary
The Dow ended the day with a nice rally to spark a little bit of strength just before the Close. If the index can remain above 12,250, we could see strength through 12,400 tomorrow. Otherwise, 12,250 will lead to more selling pressure.
- The NASDAQ and S&P each rallied late in the day after beginning the session in a very weak manner. The indexes continue to hold within the current four-day downtrend, which we will watch for a continuation or a change in trend.
Summary
The Dow ended the day with a nice rally to spark a little bit of strength just before the Close. If the index can remain above 12,250, we could see strength through 12,400 tomorrow. Otherwise, 12,250 will lead to more selling pressure.
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