| 
June 23, 2023
Yesterday at a glance: a tough session dominated by bearish sentiment left VLUE 29 cents lower, while setting a $91.48 to $92 session range.
United States Services PMI is next today at 13:45 UTC.
United States Crude Oil Inventories published yesterday at 15:00 UTC came out at -3.83 million, falling short of the 1.87 million projections and continuing its decline from the previous 7.92 million figure. United States Initial Jobless Claims came out at 264,000, marking no change from preceding figure.
Amid the market gloom, United States Existing Home Sales (May) released yesterday at 14:00 UTC with a figure of 4.3 million, while the previous figure was 4.29 million.
IShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 32 cents away from $91.6. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, iShares MSCI USA Value Factor ETF peaked above its 200 day Simple Moving Average around $91.9 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems iShares MSCI USA Value Factor ETF —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, after ending yesterday's session at $212.08, Boeing lost $6.47 and is trading around $205.61.
Positive performances can be seen by looking at other markets as Amazon added 4.26% and closed around $124.83 yesterday. Notably, Alphabet rose 2.15% yesterday and closed at $121.26.
Furthermore, United States Services PMI is expected today at 13:45 UTC.
The fund has been trending positively for about a month. Over the past 4 months, iShares MSCI USA Value Factor ETF has retreated 7.36% from a noteworthy peak of $99.54.
