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Michael Ashbaugh

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July 20, 2020, 11:40 a.m. EDT

Charting a bull flag, S&P 500 holds the range top

Focus: Basic materials sector presses 52-week highs, XLB, CAT, MNST, PANW, SGEN

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Monday, vacillating ahead of a full slate of influential earnings reports, due out this week.

Against this backdrop, the S&P 500 has asserted a bullish continuation pattern, a tight three-session range, capped by major resistance (3,233).

Link to MarketWatch's Slice.