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Michael Ashbaugh

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Aug. 4, 2020, 12:06 p.m. EDT

Charting a solid August start: S&P 500, Nasdaq stage latest summer breakouts

Focus: Transports approach key technical test, Costco’s slow-motion breakout attempt, IYT, COST, FEYE, TER, AMKR

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks’ bigger-picture backdrop remains bullish amid a solid August start.

On a headline basis, the Nasdaq Composite has rallied to record highs — reaching previously uncharted territory — while the S&P 500 has tagged five-month highs, breaking from a jagged July range.

Link to MarketWatch's Slice.