A Daily Swing Trade

- Dow trends slowly higher throughout session, closes at highs. The Index trended steadily higher into the Close and eventually ended the day with a big 143 point gain. The Dow is now at a decision point at the key 13,400 level.

- The NASDAQ and S&P each trended steadily higher throughout the day, with the tech-heavy index leading the way. Look for more strength ahead if near-term support remains untouched.

Summary

The Dow closed the day at the session's highs with a nice gain after trending higher the entire day. Look for the index to test the major upper trend line at 13,400 next week. This line will likely dictate direction.