Schwab Network

S&P 500 Pushes Higher While RSI Signals Risk, VLO Slips, and JNJ Finds Support


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Markets continue pushing to record highs, but momentum is showing signs of fatigue, according to Charles Schwab's Ben Watson, with bearish divergences pointing to a potential slowdown. He highlights key technical levels for the S&P 500 (SPX), while noting weakness in energy names like Valero (VLO) and emerging strength in defensive plays like Johnson & Johnson (JNJ).


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