Pattern Trading Setups for the Weekend 10.16.20

Pattern Trading Setups for the Weekend 10.16.20

Curated by ZYTrade Editors: If you’re scanning the stock market for a potential swing trade, Thomas Bulkowski’s site does an impressive job of identifying tradable patterns for weekend scanning. Here are the patterns for this week.   Originally posted at Thomas...
ZYTrade Technical Snapshot – Energy Sector (XLE)

ZYTrade Technical Snapshot – Energy Sector (XLE)

Now to the worst performing sector. Energy is tanking; that much is obvious. After attempting to rally from its March lows, it found critical resistance at its 200-EMA which converged with its 61.8% Fib retracement. Next stop looks to be the 22.00 range. With vehicle...
ZYTrade Technical Snapshot – Technology Sector (XLK)

ZYTrade Technical Snapshot – Technology Sector (XLK)

Without a doubt, the Tech sector has outperformed all other ten, being almost solely responsible for advancing the broader market’s recovery amid analyst expectations of a -20% earnings decline in S&P 500 companies this coming Q3 earnings season.   Among the...
Is the Market Approaching Exuberant Levels Again?

Is the Market Approaching Exuberant Levels Again?

ZYTrade Editor: Another sharp set of insights on the broader market. The VIX has hit a low point amid all the uncertainties that should be (but is not) plaguing the market. Is the market approaching levels of irrational exuberance?   The Market begins to show...