Above 2400 On The S&P 500, Will It Hold?
On March 1st, the S&P 500 hit 2400.98 and closed that day at 2395.96. Since that day, the S&P 500 has not been above 2400 until this morning. As we write, the S&P 500 is back up 2400 but a close by the end of the day could lead to a breakout for the S&P 500.
As such, this is an important week for stocks. If you read our The Week Ahead article you will find that the first part of the week is filled with Fed Speak and the second part of the week with economic data.