Stocks Bust Through Psychological Resistance
Stock indexes opened February with bulldozer moves as the S&P 500 and the NYSE composite rumbled to new highs. The Nasdaq led with a 1.2% gain, but couldn't quite reach a 52-week high. The S&P 500 added 1%, and the NYSE composite 0.9%. The IBD 50 advanced 1%. Volume fell across the board. Psychological resistance areas at 14,000 on the Dow and 1,500 on the S&P 500 gave way 1. The action was remarkable for the number of quality stocks that notched
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