Monday, April 30, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Friday, 4/27 for Monday's market.
Still Holding...
Read More...
Courtesy of Nirvana Systems
Updated Friday, 4/27 for Monday's market.
| Key DOW Levels for 4/30 | |
| UP | Above 13,200 |
| DN | Below 13,050 |
Still Holding...
- Dow trades mostly sideways, remains within steep uptrend. The index set another new all-time intraday high of 13,147 and continues to remain in the highly bullish uptrend that is three weeks long.
- The NASDAQ and S&P each traded sideways throughout the session today, further developing their respective consolidation ranges. Look for a breakout from these ranges for early direction Monday.
Summary
The Dow closed the day quietly within the boundaries of a tight range that continues to form at highs from 13,060 to 13,150, which indicates more overall strength. However, the index could be in dire need of a pull-back first. Watch 13,050 closely.
- The NASDAQ and S&P each traded sideways throughout the session today, further developing their respective consolidation ranges. Look for a breakout from these ranges for early direction Monday.
Summary
The Dow closed the day quietly within the boundaries of a tight range that continues to form at highs from 13,060 to 13,150, which indicates more overall strength. However, the index could be in dire need of a pull-back first. Watch 13,050 closely.
Read More...
