The Traderszone Network

Published in TZ Latest News 12 June, 2015 by The TZ Newswire Staff

SPY Stalls at Resistance – USO Hits Flag Trend Line

Stocks were flat on Thursday as the market digested Wednesday’s big gain. The major index ETFs closed slightly higher with IWM gaining .25% and MDY leading with a .60% advance. The sectors were mixed with modest gains in industrials, materials and healthcare. Energy weakened as the USO Oil Fund (USO) stalled at flag resistance. The Solar Energy ETF (TAN) surged over 3%. Note that SPWR is