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Michael Ashbaugh

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Dec. 20, 2007, 9:57 a.m. EST

Major benchmarks rise to test first resistance

Focus: Retail, JCG, BBY, GME, WFR, CEDC, BTU, BYI, STEC, ZIXI

By Michael Ashbaugh, MarketWatch

Thursday's analysis

CINCINNATI (MarketWatch) - With Thursday's positive bias, each major U.S benchmark is challenging first resistance.

This is notable because the U.S. markets haven't cleared resistance since last week's breakdown, and a close above the areas detailed below would mark a modest technical victory.

Link to MarketWatch's Slice.