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
