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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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