Tuesday, December 14, 2010

Daily Market Commentary: Swing Trade Narrow Range

In the end it was a very tight intraday range which finished the day, providing swing trade opportunities off Tuesday's high/lows for both the S&P and Nasdaq.

($SPX)

via StockCharts.com
($COMPQ)

via StockCharts.com

Only the semiconductor index finished with a loss, continuing its move off channel resistance.

($SOX)

via StockCharts.com

No reason this rally can't close higher for yet another day. The market is hot - but hot can take time to cool.

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