Warning Signs Flashing as Retail Stocks, Junk Bonds Crack Key Levels

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

US Small Cap 2000 News

Ishares Biotechnology ETF,Ishares Russell 2000 ETF,SPDR® S&P Regional Banking ETF

Market Overview Analysis by Michele Schneider covering: US Small Cap 2000, iShares Biotechnology ETF, iShares Russell 2000 ETF, SPDR® S&P Regional Banking ETF. Read Michele Schneider's latest article on Investing.com

“Looking at the 6 weekly charts, I updated the horizontal, parallel lines to show that at these higher levels, all the Family are rangebound when you study the patterns from late February to now.

For junk bonds, until the price returns over the low of the weekly trading range, caution is warranted.This is the month of the halving. Notice how the weekly consolidation range between 60k-72k remains intact. KRE is still slightly above the weekly trading range. With long bond yields a bit softer, it is possible to see this sector hold up with a very low-risk entry point against the 50-WMA.Scan QR code to install app

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail Stocks, Chips: Weekly Price Consolidation to Spark Explosive Breakout?Stocks Analysis by Michele Schneider covering: SPDR® S&P Retail ETF, VanEck Semiconductor ETF. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Are Retail Stocks Poised for Further Gains?Stocks Analysis by Michele Schneider covering: XAU/USD, XAG/USD, US Small Cap 2000, Gold Futures. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »