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Michael Ashbaugh

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May 29, 2020, 11:56 a.m. EDT

Market rotation persists: S&P 500 and Dow industrials digest late-May breakouts

Focus: Japan and Europe stage decisive two standard deviation breakouts, EWJ, IEV, CDNS, SIMO, SEDG

By Michael Ashbaugh, MarketWatch

U.S. stocks are generally lower early Friday, pressured amid global trade-related concerns.

Against this backdrop, the S&P 500 has thus far sustained its break atop the 200-day moving average, currently 3,002 — amid largely bullish price action — though the index has also initially balked at next resistance (3,070).

Link to MarketWatch's Slice.