A Daily Swing Trade

- Dow trades back and forth throughout session, rallies 250 points into the Close. The last 35 minutes of the day were straight up for the Dow, which eventually closed with a nice 150 point gain, and the index is now testing a steep upper trend line that could be 'in play' tomorrow.

- The NASDAQ and S&P each pushed sideways through much of the day, but ended the session on a highly bullish note. Look for potential near-term strength above today's lows.

Summary

The Dow ended the day with a nice rally and could be on a roll if the upper trend line is crossed at 13,400 tomorrow. However, if the index cannot rise above 13,500, more sideways-to-down movement is likely.