Monday, April 09, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Thursday, 4/5 for Monday's market.
Slow Advance...
Read More...
Courtesy of Nirvana Systems
Updated Thursday, 4/5 for Monday's market.
| Key DOW Levels for 4/9 | |
| UP | Above 12,600 |
| DN | Below 12,485 |
Slow Advance...
- Dow trends slowly higher throughout session, closes above resistance. The index got a nice breakout from the clear consolidation and is now holding above key resistance, which bodes well for trading next week.
- The NASDAQ and S&P each pushed slowly higher today out of the clear consolidations that had been forming. Look for more strength out of these patterns, especially if near-term support holds.
Summary
The Dow closed the day quietly higher after trending slowly up throughout most of the day. The index continues to hold above the clear 12,500 fulcrum, which hints at more strength ahead, especially if 12,500 continues to hold. Watch this zone closely.
- The NASDAQ and S&P each pushed slowly higher today out of the clear consolidations that had been forming. Look for more strength out of these patterns, especially if near-term support holds.
Summary
The Dow closed the day quietly higher after trending slowly up throughout most of the day. The index continues to hold above the clear 12,500 fulcrum, which hints at more strength ahead, especially if 12,500 continues to hold. Watch this zone closely.
Read More...
