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Michael Ashbaugh

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Nov. 17, 2020, 12:21 p.m. EST

Charting the approach of Dow 30,000 as bullish sector rotation persists

Focus: Japan approaches 20-year highs, Retail sector tags record close, Consumer staples take flight, EWJ, XRT, XLP, AMAT, SPWR, DAL

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks continue to rise amid firmly-bullish November price action.

Against this backdrop, the S&P 500 and Dow industrials have concurrently registered record closes, to start this week, amid still healthy market rotation and expanding sector participation.

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