S&P 500 resistance of 3,400 will be the next milestone to reach, buying opportunity if your bullish occurs when price retraces back down to SMA 30. A test below SMA 60 would naturally test the commitment of a lot of bulls and embolden bears.
— The major averages are trading mixed and little changed amid a lack of conviction. Buyers are presumably tired after the strong gains in February, while sellers remain sidelined given the strong tendency in the market to bounce back from any weakness.—In key corporate news, Morgan Stanley (MS 55.03, -1.26, -2.2%) will be acquiring E*Trade (ETFC 56.79, +11.85, +26.4%) for $13 billion in stock. MS was downgraded to Equal Weight from Overweight at Wells Fargo following the news. —Interestingly, investors continue to assume some defensive positioning in bonds (10-yr yield is down four basis points to 1.53%) and gold ($1619.50/ozt, +7.70, +0.5%). The U.S. Dollar Index is up 0.1% to 99.78.—Copyright (C) 2020 Briefing.com
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)