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Michael Ashbaugh

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July 9, 2018, 11:12 a.m. EDT

Bull ‘trend’ strengthens: S&P 500, Nasdaq reclaim the breakdown point

Focus: Nasdaq 100 paces market rally, Facebook reaches uncharted territory, QQQ, FB, NTES, HES, DISH, SGEN

By Michael Ashbaugh, MarketWatch

The S&P 500 and Nasdaq Composite are firmly higher early Monday, extending technical breakouts fueled by last week’s solid monthly U.S. jobs report.

Meanwhile, the Dow industrials have notched consecutive closes atop the 200-day moving average, and a retest of resistance matching the 2017 close (24,719) is currently underway.

Link to MarketWatch's Slice.