The Traderszone Network

Published in TZ Latest News 4 August, 2014 by The TZ Newswire Staff

XLY Forms Morning Star as Retails Catch a Bid

Stocks rebounded on Monday with a broad advance that lifted most sectors and industry groups. The Materials SPDR and Energy SPDR led with 1+ percent gains. The Utilities SPDR lagged with a .54% loss. Of note, the Consumer Discretionary SPDR was the third strongest sector with a .97% gain. Strength in homebuilder, retailer and media stocks powered the consumer discretionary sector higher. The…