Investor Alert
Michael Ashbaugh

The Technical Indicator Archives Subscribe

March 8, 2017, 11:43 a.m. EST

S&P 500 nails the breakout point, retest remains underway

Focus: Gold’s precarious posture, GLD, ANET, GPN, GLNG, RH, HLIT

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Wednesday, treading water amid a technically notable crude-oil price downturn, fueled by an inventory report showing a larger-than-expected build.

Against this backdrop, the S&P 500 has effectively nailed its breakout point — S&P 2,367 — and the benchmark’s technical price action remains constructive. (Crude oil’s technical test was recently detailed in Friday’s review.)

Partner Center

Link to MarketWatch's Slice.