Stocks 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
While I am extremely focused on commodities as outlined in Monday’s Daily, my viewpoint for most equities remains cautious to neutral.This week, XRT has popped off that support. Bulls want to see a weekly close above 72.87, last week’s high.As the weakest member, KRE last week held both the weekly channel low and the 50-WMA to become a relative outperformer.With the top of the channel line the biggest hurdle, that is the most exciting place to watch for KRE to clear or not.
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