A Daily Swing Trade

- Dow bounces back toward 13,500, but closes with a late-day decline. The index pushed just short of 13,500, but turned down late in the day and sold off back toward the breakeven point, ending the day with a 1 point gain.

- The NASDAQ and S&P each sold off from the day's highs, with the tech-heavy index leading the way down into the Close. Each index remains within the boundaries of a large trading range, which we will continue to watch for medium term direction.

Summary

The Dow closed the day basically flat after rallying from early lows, then dropping late in the session. The index continues to hold above key support and below all-time highs. Look for more range movement within this range until a solid breakout occurs.