The Traderszone Network

Published in TZ Latest News 26 August, 2014 by The TZ Newswire Staff

IWM Holds Rising Channel – Plus Four Chart Setups

Stocks opened strong and then traded flat the rest of the day. The major index ETFs closed with small gains as the opening surge held. All nine sectors were higher with the Finance SPDR (XLF) and Energy SPDR (XLE) leading the way. Energy is getting an oversold bounce and money appears to be rotating into the banks. The Broker-Dealer iShares (IAI) surged over 1%, but the Regional Bank SPDR (KRE)…