Thursday, July 12, 2007

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Wednesday, 7/11 for Thursday's market.

Key DOW Levels for 7/12

UP

Above 13,700

DN

Below 13,250


Still Consolidating...

- Dow drifts higher, still range-bound. A late day rally helped close the day near session highs, as seen in the intraday charts. Overall the Dow finished up 76 points.

- The NASDAQ and S&P closed the day with moderate gains in choppy trading. Over all the market indices continue to consolidate, looking for direction.

Summary

The Dow drifted higher throughout the day in choppy trading. Look for more range movement between 13,300 and 13,700.

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