Economic Indicators Are Testing Critical Levels

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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.

Read more at : https://www.investing.com/analysis/economic-indicators-are-testing-critical-levels-200356368

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