A Daily Swing Trade

- Dow drops throughout morning, but rallies strong into the Close. The index covered a lot of ground today, but eventually closed with a relatively mild 16 point loss, but more swings are likely ahead.

- The NASDAQ and S&P closed the day with late-day rallies after selling off most of the morning. Today's 'higher low and go' pattern indicates we could see a more of a push higher soon.

Summary

The Dow closed the day with a heavy rally that nearly erased the mid-day 325 point decline. The Dow may see another run at 13,200 for another key test of this zone. Watch 12,900 for direction.