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Nov. 22, 2013, 11:34 a.m. EST

Grading the approach of round-number resistance

Focus: Financials, XLF, PG, A, AMBA, TCBI, ZHNE

By Michael Ashbaugh, MarketWatch

CINCINNATI (MarketWatch) — Coming into this week, the major U.S. benchmarks had approached headline-grabbing, round-number resistance.

Specifically, Dow 16,000, Nasdaq 4,000, and the S&P 1,800 mark.

Fast forward to Friday, and this week’s price action has been technically constructive.

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