Tuesday, July 24, 2007
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Friday, 7/20 for Monday's market.
Back to 13,800...
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Courtesy of Nirvana Systems
Updated Friday, 7/20 for Monday's market.
| Key DOW Levels for 7/23 | |
| UP | Above 13,915 |
| DN | Below 13,775 |
Back to 13,800...
- Dow sells off heavily back to 13,800, closes session lower by 149 points. The index recovered nicely after bottoming out at 13,800 and rallied 100 points before closing the day with a big 149 point loss.
- The NASDAQ and S&P each sold off heavily throughout the first part of the session and are now holding within the boundaries of larger ranges. Watch support for early direction Monday.
Summary
The Dow closed the day well off from the 14,000 level and could be on the verge of a larger decline should the 13,800 level give way. Watch 13,800 and 13,900 for signs of direction early next week.
- The NASDAQ and S&P each sold off heavily throughout the first part of the session and are now holding within the boundaries of larger ranges. Watch support for early direction Monday.
Summary
The Dow closed the day well off from the 14,000 level and could be on the verge of a larger decline should the 13,800 level give way. Watch 13,800 and 13,900 for signs of direction early next week.
Read More...
