US stocks closed
mixed Tuesday, stabilizing after a sharply lower start to the year despite
pressure from a fresh decline in oil prices. The S&P 500 held above key
technical level, its August low of 1,867. "We had a technical flash level
on the S&P. ...
That holding technically again will be a good thing here.
Once you get through the key technicals you lose the correlation with
oil," said Art Hogan, chief market strategist at Wunderlich Securities.
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