Tuesday, April 10, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Monday, 4/9 for Tuesday's market.
Holdfing...
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Courtesy of Nirvana Systems
Updated Monday, 4/9 for Tuesday's market.
| Key DOW Levels for 4/10 | |
| UP | Above 12,600 |
| DN | Below 12,490 |
Holdfing...
- Dow holds above 12,550, trades quietly to the Close. The index closed the day above the 12,550 zone with a quiet 9 point gain, but remains firmly implanted within the bullish 7-day uptrend.
- The NASDAQ and S&P each continue to hold at overall highs, but have basically built out tight ranges to watch tomorrow. Continued overall strength is likely, but a near-term pull-back could be seen.
Summary
The Dow closed the day basically where it began the session, as the index moved slowly sideways throughout the day. The index continues to hold on to overall gains, which is bullish, especially if the fulcrum of 12,500 continues to hold.
- The NASDAQ and S&P each continue to hold at overall highs, but have basically built out tight ranges to watch tomorrow. Continued overall strength is likely, but a near-term pull-back could be seen.
Summary
The Dow closed the day basically where it began the session, as the index moved slowly sideways throughout the day. The index continues to hold on to overall gains, which is bullish, especially if the fulcrum of 12,500 continues to hold.
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