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Michael Ashbaugh

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Sept. 11, 2019, 12:00 p.m. EDT

S&P 500 nails first support, rallies amid bullish sector rotation

Focus: 10-year yield approaches major test (50-DMA), Semiconductors within view of uncharted territory, TNX, SMH, FIVE, BLDR, SINA, GTHX

By Michael Ashbaugh, MarketWatch

U.S. stocks are higher early Wednesday, rising amid rotational, and increasingly bullish, September price action.

Against this backdrop, the S&P 500 has asserted a mid-month bull flag, rising early Wednesday from a successful test of first support (2,960).

Link to MarketWatch's Slice.