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Michael Ashbaugh

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Aug. 3, 2018, 11:30 a.m. EDT

Charting a bullish reversal, Nasdaq knifes to the breakdown point

Focus: China presses 52-week lows, Google maintains major support, FXI, GOOGL, GPN, KLAC, SM

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Friday, treading water after a solid, though slightly softer-than-expected, monthly jobs report.

Against this backdrop, the Nasdaq Composite is back for a crack at its breakdown point — Nasdaq 7,806 — while the S&P 500 is vying for its best weekly close since January.

Link to MarketWatch's Slice.