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Trading Strategy – Financial Select Sector SPDR ETF

  The financial sector was under selling pressure last week as banks stocks were weighed down by a flattening yield curve. After surging 20 percent in 2017, the Financial Select Sector SPDR ETF (XLF) fell 0.4 percent last week to 28.23, up just over 1 percent YTD while the S&P gained over 8 percent over …[read more]

Trading Strategy – Financial Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in the financial sector.  The group was under selling pressure in recent days as banks stocks were weighed down by a sharp drop in longer-term Treasury yields.  After a strong run of outperformance in 2017 that saw the Financial Select Sector SPDR …[read more]

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

  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]

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