Michael Ashbaugh

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Nov. 6, 2020, 11:52 a.m. EST

Charting a bullish November start, S&P 500 extends spike from major support

Focus: Gold and Japanese yen take flight amid softer U.S. dollar, GLD, FXY, UUP, FXI, XLB, SMH

By Michael Ashbaugh, MarketWatch

U.S. stocks are slightly lower early Friday, largely treading water after a better-than-expected monthly jobs report and in the wake of an otherwise strong election-week rally.

Against this backdrop, each big three U.S. benchmark has spiked at least 7.0% week-to-date, rising from major support amid an unusually strong November start.

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