Archive - Charting Markets

Charting a pulling-teeth breakout attempt, Nasdaq edges to all-time highs

The major U.S. benchmarks continue to grind higher, rising amid rotational market price action.

Oct 30 •

Michael Ashbaugh

Bull trend confirmed, S&P 500 tags latest record high

Focus: Small-caps tag 35-month high, Nasdaq extends trendline breakout

Oct 17 •

Michael Ashbaugh

September 2024

Charting a technical breakout, S&P 500 tags all-time high

Focus: Nasdaq's trendline breakout places index at two-month highs

Sep 26 •

Michael Ashbaugh

Market cross currents persist, Nasdaq rises to challenge key trendline

Focus: S&P 500 absorbs September downturn, spikes to reclaim 50-day average

Sep 12 •

Michael Ashbaugh

August 2024

Charting market cross currents, Nasdaq rises to challenge 50-day average

Focus: Dow industrials tag all-time highs

Aug 29 •

Michael Ashbaugh

Charting a volatility spike, S&P 500 whipsaws at major support (5,340)

Focus: August downdraft punctuated by powerful 12-to-1 down day

Aug 14 •

Michael Ashbaugh

July 2024

Market rotation persists, Nasdaq violates 50-day average

Focus: Dow industrials and Russell 2000 strengthen amid shifting market leadership

Jul 30 •

Michael Ashbaugh

Charting market rotation, small-caps stage powerful July breakout

Focus: Dow industrials also take flight as market rally broadens beyond large-cap tech

Jul 17 •

Michael Ashbaugh

June 2024

Charting a strong bull trend, S&P 500 clears 20-day volatility bands

Focus: Nasdaq and S&P 500 stage two standard deviation breakouts

Jun 25 •

Michael Ashbaugh

Charting a market whipsaw, Nasdaq knifes to latest record high

Focus: Dow industrials and Russell 2000 lag behind amid narrowing market leadership

Jun 6 •

Michael Ashbaugh

May 2024

Charting a May breakout, S&P 500 tags all-time highs

Focus: Small- and mid-caps lag behind amid pending breakout attempt

May 16 •

Michael Ashbaugh

Charting a corrective bounce, S&P 500 nails 50-day average

Focus: Dow industrials tag the breakdown point (38,560) amid seasonal headwind

May 2 •

Michael Ashbaugh

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