Wednesday, April 11, 2007

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Tuesday, 4/10 for Wednesday's market.

Key DOW Levels for 4/11

UP

Above 12,600

DN

Below 12,490


Still Holdfing...

- Dow remains near highs, trades quietly throughout session. The index held ground above 12,550 and closed the day with another modest gain of 5 points.

- The NASDAQ and S&P closed the day near the highs of the session, as further sideways-to-up movement continues to be seen. Look for more strength ahead, especially if support remains untouched.

Summary

The Dow ended the day with a mild gain today, as the index continues to hold at highs above near-term resistance. Look for more range movement at highs until another clear move occurs. Further overall strength should resume so long as support continues to hold.

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