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Michael Ashbaugh

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March 9, 2021, 12:36 p.m. EST

Charting a bullish reversal: Nasdaq ventures atop the breakdown point

Focus: Airlines sustain decisive 2021 breakout, Materials challenge record highs, JETS, XLB, V, UA, ALK, BIG

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks’ bigger-picture backdrop remains uneven as a March divergence persists.

On a headline basis, the S&P 500 and Dow industrials have retained a bullish intermediate-term bias — even amid recent volatility — while the Nasdaq Composite is vying Tuesday to repair a more damaging March downdraft.

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