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Michael Ashbaugh

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March 5, 2021, 12:50 p.m. EST

Charting a technical question mark, S&P 500 violates the 50-day average

Focus: 10-year Treasury note yield continues to take flight, Sector leaders remain in divergence mode, TNX, XLF, IYT, QQQ

By Michael Ashbaugh, MarketWatch

U.S. stocks are mixed early Friday, vacillating after a stronger-than-expected monthly jobs report.

Against this backdrop, the S&P 500 has ventured under its 50-day moving average for the first time since November, though amid a downturn that gets low marks for bearish style. The prevailing bigger-picture technicals are not one-size-fits-all.

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