Several sectors and indices have been quietly headed south over the last couple trading sessions.
On the back of a big miss for jobs data, we've seen several of these sectors break down below their 50-day sma to the downside, signaling that more downside could lie ahead.
Notable sectors and indices include:
S&P Financial XLF
S&P Materials XLB
S&P Energy XLE
S&P Industrial XLI
S&P Transports XTN
Dow Jones Transports
Russell 2000 IWM (Index)
Nasdaq Composite QQQ (Index)
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