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Michael Ashbaugh

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Nov. 5, 2020, 11:40 a.m. EST

Charting bullish follow-through, S&P 500 knifes through cluttered technical patch

Focus: Communication services sector takes flight, Health care sector tags record high, Alphabet and Uber stage technical breakouts, XLC, XLV, GOOGL, UBER, SNPS, ARNA

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Thursday, rising as election-fueled bullish momentum persists.

Against this backdrop, each major U.S. benchmark has taken flight to start November — and the best six months seasonally — asserting a bullish intermediate-term bias.

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