The Traderszone Network

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

Watching the TLT Channel – XLU Forms Bearish Candle at Key Retracement

Stocks edged higher again with the Russell 2000 iShares (IWM) leading the way, though the gain was just .65%. Eight of the nine sectors were higher with the Energy SPDR (XLE) and Finance SPDR (XLF) leading. The Utilities SPDR (XLU) was the lone loser. As the chart below shows, XLU bounced with the rest of the market this month and retraced 62% of the prior decline. The ETF then formed a bearish…