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Michael Ashbaugh

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Sept. 6, 2019, 12:00 p.m. EDT

Charting an intermediate-term ‘trend’ shift, S&P 500 stages September breakout

Focus: Financials and transports extend recovery attempt, Gold and U.S. dollar signal risk-on, XLF, IYT, GLD, UUP, TRV, COST, BITA

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Friday, rising modestly in the wake of a potentially consequential September breakout.

Against this backdrop, the S&P 500’s breakout gets mixed marks for style, though it nonetheless opens the path to a potential retest of record territory.

Link to MarketWatch's Slice.