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Michael Ashbaugh

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March 19, 2020, 12:05 p.m. EDT

Charting a (potential) bullish reversal, S&P 500 rallies from major support

Focus: Emerging markets digest March plunge, Pockets of (very select) relative strength persist, EEM, WMT, ZM, KR, AMN

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Thursday, rising amid a barrage of emergency central bank actions.

Against this backdrop, each major U.S. benchmark has rallied from key longer-term support — including S&P 2,346 and the Nasdaq’s 200-week moving average (6,980) — and the rally attempt’s quality will likely add color.

Link to MarketWatch's Slice.