Multiple Sectors and Indices Break Below 50-Day SMA on Bad Jobs Data

Benzinga

Several sectors and indices have been quietly headed south over the last couple trading sessions.

On the back of a big miss for jobs data, we've seen several of these sectors break down below their 50-day sma to the downside, signaling that more downside could lie ahead.

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Notable sectors and indices include:

S&P Financial (NYSE:XLF) S&P Materials (NYSE:XLB) S&P Energy (NYSE:XLE) S&P Industrial (NYSE:XLI) S&P Transports (NYXE: XTN) Dow Jones Transports

Russell 2000 (NYSE:IWM) (Index) Nasdaq Composite (NASDAQ:QQQ) (Index)

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