A Daily Swing Trade

- Dow drops from highs yet again, sells off to the Close. The index eventually rallied to new highs on the session, but succumbed to another late-day collapse, which should be concerning moving forward.

- The NASDAQ and S&P each traded mostly sideways today, but managed to rally to nice intraday highs later in the day. The late-day declines to the Close, however, could indicate potential selling pressure ahead.

Summary

The Dow ended the day within a very tight range that continues to build out at overall highs, but has ended the last two days with afternoon declines, which could lead to more selling ahead. Watch 13,500 for key directional clues tomorrow.