Wednesday, June 13, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Tuesday, 6/12 for Wednesday's market.
Another Late-Day Sell-Off...
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Courtesy of Nirvana Systems
Updated Tuesday, 6/12 for Wednesday's market.
| Key DOW Levels for 6/13 | |
| UP | Above 13,500 |
| DN | Below 13,250 |
Another Late-Day Sell-Off...
- Dow reverses from mid-day highs, drops hard to the Close. After topping out at 13,450, the index proceeded to drop 155 points to the Close, clocking a 130 point loss for the day.
- The NASDAQ and S&Peach sold off late in the day and are now challenging the bottom of bearish consolidations.
Summary
The Dow ended the day at the session's lows after tumbling over 150 points to the Close. The index remains above critical support at 13,200, but this level could soon be tested.
- The NASDAQ and S&Peach sold off late in the day and are now challenging the bottom of bearish consolidations.
Summary
The Dow ended the day at the session's lows after tumbling over 150 points to the Close. The index remains above critical support at 13,200, but this level could soon be tested.
Read More...
