9.2 C
New York
Wednesday, November 27, 2024

Economic indicators testing critical levels!

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

The above 2-pack looks at a couple of very important sectors of our economy, Home Builders and U.S. Concrete.

Both have been hit very hard this year, declining large percentages. Both have been much weaker than the broad markets.

The declines this year have both testing 7-year rising channels at each (1).

If both break support at each (1), possible they would be suggesting the economy will be soft going forward.

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,451FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x