Investor Alert
Michael Ashbaugh

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Aug. 19, 2019, 11:54 a.m. EDT

Charting a bullish reversal, S&P 500 extends rally from major support

Focus: Utilities break to record territory, XLU, WEN, DXCM, ITRI, SONO, ALLK

By Michael Ashbaugh, MarketWatch

U.S. stocks are firmly higher early Monday, rising amid renewed trade-related optimism, as well as China’s stimulus move, signaled over the weekend.

Against this backdrop, the S&P 500 has extended a bullish reversal from major support (2,817), punctuating its third successful retest in as many weeks.

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