Economic Indicators Are Testing Critical Levels
Chris Kimble | Nov 07, 2018 02:33PM ET
The above 2-pack looks at a couple of very important sectors of our economy, Homebuilders (NYSE:XHB) and US Concrete (NASDAQ:USCR).
Both have been hit very hard this year, declining by large percentages. Both have been much weaker than the broad markets.
The declines this year have both tested 7-year rising channels at each (1).
If both break support at each (1), it's possible they could be suggesting the economy will be soft going forward.
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