Michael Ashbaugh

The Technical Indicator Archives Subscribe

Oct. 21, 2020, 12:02 p.m. EDT

Charting a bull-trend pullback: S&P 500, Nasdaq maintain major support

Focus: 10-year yield’s breakout and approach of 200-day average, TNX, TRV, MXIM, NOVA, JAZZ, ALX

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Wednesday, largely treading water after a mixed batch of earnings reports and amid fiscal-stimulus talks that have been extended.

Against this backdrop, the S&P 500 and Nasdaq Composite continue to digest early-October breakouts amid an orderly pullback that has thus far inflicted limited damage.

Link to MarketWatch's Slice.