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Michael Ashbaugh

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July 7, 2020, 11:53 a.m. EDT

Charting a bullish July start, Nasdaq extends break to record territory

Focus: Emerging markets stage triangle breakout, Semiconductor sector tags record highs, EEM, SMH, ADI, CRM, FDX

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks are off to a constructive July start despite persistently uneven bigger-picture price action.

On a headline basis, the S&P 500 has reclaimed major resistance (3,155) — rising to fill the June gap — while the Nasdaq Composite extends a more decisive July break to previously uncharted territory.

Link to MarketWatch's Slice.