The Traderszone Network

Published in TZ Latest News 3 August, 2014 by The TZ Newswire Staff

SPY Breaks down to Join IWM in Short-Term Downtrend

Stocks were hit with broad selling pressure last week. Small-caps were weak, but large-caps joined the party last week as both DIA and SPY broke below their July lows. DIA broke below its June lows as well and gave up its June-July gains in a hurry. The Industrials SPDR and Finance SPDR were hit hard and broke support from their July lows. The Regional Bank SPDR broke flag support as the 10-YR…