Bulletin
Investor Alert
Michael Ashbaugh

The Technical Indicator Archives Subscribe

Aug. 11, 2020, 12:12 p.m. EDT

Charting the approach of record highs, S&P 500 rises amid market rotation

Focus: Transports and industrials stage tandem breakout, Airlines poised to take flight?, XLI, IYT, JETS, CAT, NKE, NUE

By Michael Ashbaugh, MarketWatch

Technically speaking, the U.S. benchmarks’ already-bullish backdrop has strengthened amid rotational August price action.

Against this backdrop, S&P 500 has registered a seven-session winning streak — rising within view of record territory — while the Nasdaq Composite digests a decisive early-month break to all-time highs.

Link to MarketWatch's Slice.