XLC ETF Broke Out & Made New 52-Week High

The IWM Russell 2k ETF has been oscillating around the 200-week MA since undercutting it in the spring of 2022, notes Frank Cappelleri. He discusses recent moves in the IWM ETF. He examines the upside move of the XLC ETF, highlighting that it broke out from a long trading range and made a new 52-week high yesterday. He then goes over the US Dollar which just logged its worst decline since mid-November’22, when it broke down from a big topping pattern. He also talks about technical patterns to track in today’s market. Tune in to find out more about the stock market today.