Michael Ashbaugh

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July 31, 2019, 12:00 p.m. EDT

Charting a delayed breakout attempt, small- and mid-caps challenge major resistance

Focus: 10-year yield stabilizes ahead of Fed, Small- and mid-caps challenge major resistance, TNX, DHI, LOGM, VMC, EHTH, NBIX

By Michael Ashbaugh, MarketWatch

U.S. stocks are slightly higher early Wednesday, largely treading water ahead of the Federal Reserve’s widely-anticipated policy statement.

Against this backdrop, the S&P 500 is vying for its seventh straight close atop the 3,000 mark, while the small- and mid-caps are concluding July with a breakout attempt to punctuate an otherwise range-bound month.

Link to MarketWatch's Slice.