30 Dec, 2020 06:15 am

Equities Waver While Food Commodities Shine

Equities Waver While Food Commodities Shine
Stocks Analysis by Michele Schneider covering: S&P 500, Dow Jones Industrial Average, US Small Cap 2000, SPDR® Dow Jones Industrial Average ETF Trust. Read Michele Schneider's latest article on

IWM Daily Chart Strength picks up in Food commodities as securities struggle amid final stimulus negotiations.While securities decide where to head next, food commodities took another step higher.Perhaps even more important is that the transportation sector, iShares Transportation Average ETF (NYSE: IYT ), held 219.The Agricultural Fund ETF (NYSE: DBA ) has seen steady growth in the past weeks as it holds well over the 10-DMA.

Large cap indices held short term while the Russell 2000 small caps ( IWM ) broke below its support of the 10-day moving average at 196.Russell 2000 (IWM) Broke the 10-DMA.

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