Investor Alert
Michael Ashbaugh

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Aug. 18, 2020, 12:09 p.m. EDT

Charting a pulling-teeth breakout attempt: S&P 500, Nasdaq challenge record territory

Focus: Japan’s breakout attempt, Starbucks presses 200-day average, EWJ, SBUX, EMR, CTLT, BLDR

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks’ bigger-picture backdrop remains comfortably bullish as market rotation persists.

Consider that the Nasdaq Composite and S&P 500 have registered nominal record highs this week — tagging previously uncharted territory — though a pulling-teeth breakout attempt remains underway.

Link to MarketWatch's Slice.