A Daily Swing Trade

- Dow reverses from 13,500, increases in volatility into the Close. The index reversed course and solid off heavily into the afternoon before rallying just before the Close, capping a highly volatile session. The Dow closed the day with a small 14 point loss and continues to hold above key 13,250 support.

- The NASDAQ and S&P each bounced late in the day after a steady decline from resistance. Look for more range movement until a solid breakout from their respective ranges occurs.

Summary

The Dow closed the day with a mild loss, but continues to increase in volatility ahead of a potential breakout move from this huge trading range. Keep an eye on the narrowing range for a potential breakout move Monday.