Michael Ashbaugh

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March 10, 2021, 12:20 p.m. EST

Charting bullish follow-through: Nasdaq reclaims the breakdown point

Focus: Homebuilders challenge record highs, XHB, LUV, CENX, PKG, MX

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising after a relatively tame reading on consumer price inflation eased concerns regarding a potentially overheating economy.

Against this backdrop, the Dow Jones Industrial Average has tagged its latest all-time high, while perhaps more importantly (from a technical standpoint), the Nasdaq Composite has extended a rally atop key resistance.

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