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...
What’s a Moving Average and How Can You Use It to Analyze the Market?
ZYTrade: We often use moving averages when illustrating our technical outlook. Moving averages are one of the oldest and most fundamental technical tools to gauge trends. If you’re not sure how they work, or if you want to learn more about their uses and limitations,...
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...
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