Multiple Sectors and Indices Break Below 50-Day SMA on Bad Jobs Data

by Benzinga Staff
April 5, 2013 10:41 AM | 23 seconds read | Make a Comment

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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 (NYSE: XLF)S&P Materials (NYSE: XLB)S&P Energy (NYSE: XLE)S&P Industrial (NYSE: XLI)S&P Transports (NYXE: XTN)Dow Jones Transports Russell 2000 (NYSE: IWM) (Index)Nasdaq Composite (NASDAQ: QQQ) (Index)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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Posted In: Sector ETFsBroad U.S. Equity ETFsTechnicalsTrading IdeasETFs

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