Bulletin
Investor Alert
Michael Ashbaugh

The Technical Indicator Archives Subscribe

May 18, 2018, 11:38 a.m. EDT

Bull ‘trend’ strengthens, S&P 500 holds the 2,710 breakout point

Focus: Energy sector takes flight (again), Financials flatline at resistance, XLE, XLF, PANW, BYD, EOG, VNOM

By Michael Ashbaugh, MarketWatch

Though U.S. stocks are off to a sluggish Friday start, boring is bullish against the prevailing market backdrop.

Consider that the S&P 500 established the May peak (2,741) during this week’s first few hours, and the subsequent pullback has been orderly, underpinned by consecutive successful retests of the breakout point (2,710).

Link to MarketWatch's Slice.