Thursday, May 24, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Wednesday, 5/23 for Thursday's market.
More Late-Day Selling....
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Courtesy of Nirvana Systems
Updated Wednesday, 5/23 for Thursday's market.
| Key DOW Levels for 5/24 | |
| UP | Above 13,650 |
| DN | Below 13,500 |
More Late-Day Selling....
- Dow sells off from highs, drops into the Close. The index has sold off into the Close for the third straight session, but today's decline was much steeper, which could make for more weakness ahead.
- The NASDAQ and S&P each sold off heavily from the day's highs, but each stopped at key support levels, which we will watch closely for tomorrow's movement.
Summary
The Dow closed the day with another loss of 14 points after crossing the 13,600 zone earlier in the day. Watch 13,500 closely for signs of key weakness tomorrow.
- The NASDAQ and S&P each sold off heavily from the day's highs, but each stopped at key support levels, which we will watch closely for tomorrow's movement.
Summary
The Dow closed the day with another loss of 14 points after crossing the 13,600 zone earlier in the day. Watch 13,500 closely for signs of key weakness tomorrow.
Read More...
