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Michael Ashbaugh

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Dec. 4, 2019, 12:09 p.m. EST

Bull trend absorbs December downdraft, S&P 500 whipsaws at major support

Focus: Charting U.S. sector cross currents, Apple holds key support, 10-year yield whipsaws at 50-day average, IYT, XLF, QQQ, XLV, GDX, TNX, AAPL

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Wednesday, rising amid the China-U.S. trade saga’s latest apparent course-reversal.

Against this backdrop, the S&P 500 has whipsawed at major support (3,100), rising in the wake of a market downdraft that has thus far inflicted limited damage.

Link to MarketWatch's Slice.