Bulletin
Investor Alert
Michael Ashbaugh

The Technical Indicator Archives Subscribe

May 12, 2020, 12:02 p.m. EDT

Charting a grinding-higher May rally, S&P 500 approaches major resistance

Focus: Biotechs break to all-time highs, IBB, QCOM, FIVN, WERN, ZNGA

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks’ grinding-higher recovery attempt remains in play, though amid increasingly uneven price action.

On a headline basis, the Nasdaq Composite has extended its break to positive year-to-date territory — reaching a 10-week high — while the S&P 500 and Dow industrials remain range-bound, but have tagged a month-to-date peak to start this week.

Link to MarketWatch's Slice.