Shado Baker
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S&P 500 rallies from first support — again

Focus: Consumer Discretionary, Crude Oil, XLY, USO, GM, PFPT, TER, ARMH

True to recent form, the S&P 500 Index has staged its latest successful technical test, rising from first support.

The specific area rests at the 2,080 mark — closely matching the October close — and the successful retest supports the bull case.

Before detailing the U.S. markets’ wider view, the S&P 500’s