At the very end of December, the shorter of the two downtrend lines was violated suggesting a possible reversal at hand.
A retest of the lows of October could be seen in the months ahead.
Shares of the related companies are struggling, which can be the norm for investments in out-of-favor businesses.
William Lyons Homes climbs Tuesday on mediocre results, which could be an indication that homebuilders have overshot the bottom.
Uno MAS please. Masco shows how a company can fly on bad news.
A flush of FX outflows threatens a breach of the 7 level vs. the dollar, and commodities will likely follow suit.
Better-than-expected numbers from PulteGroup and TRI Pointe Group are encouraging.
Fed policy makers, research directors and the media seem clueless that the economy is slowing, not growing.
The biggest risk right now is the yuan level versus the dollar.
Caterpillar's strong third quarter isn't helping to buoy its shares, which are sliding on concerns over higher freight and raw material costs.