Monday, August 06, 2007

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Thursday, 8/2 for Friday's market.

Key DOW Levels for 8/3

UP

Above 13,525

DN

Below 13,350


Steady Gains...

- Dow trades mostly sideways, rallies into the Close for another solid session. The Dow traded mostly sideways throughout the session today, but was able to hold gains after yesterday's late-day rally, which is moderately bullish. The index actually rallied late in the session yet again today, but ran smack into the heavy 13,500 resistance level, which we will watch closely tomorrow. .

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