Monday, June 11, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Friday, 6/8 for Monday's market.
Big Bounce...
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Courtesy of Nirvana Systems
Updated Friday, 6/8 for Monday's market.
| Key DOW Levels for 6/11 | |
| UP | Above 0 |
| DN | Below 13,225 |
Big Bounce...
- Dow bounces from early lows, rallies to the Close. The index wound up throughout the day and eventually broke out above 13,320 and rallied 100 points and ending the day with a solid 158 point gain.
- The NASDAQ and S&P each bounced sharply from early lows and closed the day at the session's highs. Look for this pull-back to form the framework for a potential consolidation range next week.
Summary
The Dow ended the day at the session's highs after rallying steadily from the morning lows. The index has bounced back nicely after yesterday's decline, but remains well off the highs set late last week. Look for the index to potentially build out a range at lows ahead of the next key move. Continue to watch 13,200 for more selling pressure.
- The NASDAQ and S&P each bounced sharply from early lows and closed the day at the session's highs. Look for this pull-back to form the framework for a potential consolidation range next week.
Summary
The Dow ended the day at the session's highs after rallying steadily from the morning lows. The index has bounced back nicely after yesterday's decline, but remains well off the highs set late last week. Look for the index to potentially build out a range at lows ahead of the next key move. Continue to watch 13,200 for more selling pressure.
Read More...
