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Trading Strategy – Financial Select Sector SPDR ETF

  Bank stocks rose at least 2.5 percent, led by Bank of America, Citigroup, Goldman Sachs and J.P. Morgan Chase. The Financial Select Sector SPDR ETF (XLF) jumped 2.29 percent to 27.28, down 2.2 percent YTD.  Now the question is whether recent rally is a beginning of a new upswing or it’s merely a dead …[read more]

Trading Strategy – Financial Select Sector SPDR Fund

  One of the noteworthy developments in recent days has been the move in financials.  The Financial Select Sector SPDR Fund (XLF) fell for a 12th straight session on Tuesday, extending what had already been its longest such streak on record, down 0.3 percent to close at 26.69, its lowest close since November 2017.  Now …[read more]

Trading Strategy – Financial Select Sector SPDR

  Concerns about a global credit blight and anemic interest rates appeared to weigh on financial stocks, sending shares of the nation’s largest banks tumbling. Goldman Sachs, J.P. Morgan, Citigroup, Morgan Stanley and Bank of America all lost more than 3 percent.  The Financial Select Sector SPDR ETF (XLF) fell 3.34 percent Tuesday, down 3.5 …[read more]

Trading Strategy – Financial Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in financials.  The group was under selling pressure as long-term rates slipped back after recent gains.  The benchmark 10-year note yield closed at 3.06 percent after climbed to the highest level since 2011.  The Financial Select Sector SPDR ETF (XLF) dropped 0.82% …[read more]

Trading Strategy – Financial Select Sector SPDR ETF

  After a strong run of outperformance in late 2016, financial formed a multi-year high in early March and trended steadily lower. Last week’s outperformance indicated a bullish turnaround, according to our “U.S. Market Trading Map”. Below is an update look at a trade in the Financial Select Sector SPDR ETF (XLF). The graphic below …[read more]

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