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Michael Ashbaugh

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Jan. 9, 2014, 12:33 p.m. EST

Charting the early-2014 ‘pullback’

Focus: Biotech, IBB, SCTY, VMW, NOW, GNK, ZHNE

By Michael Ashbaugh, MarketWatch

CINCINNATI (MarketWatch) — The S&P 500 Index has notched a year-to-date loss of 11 points, or 0.6%.

And while this seemingly-bearish seasonal development — the negative “first five days of the year” — has been widely-publicized, the current technicals don’t support a panic-button response.

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