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XLF

XLF surges on House vote repeal Dodd-Frank, but don't buy.Dodd-Frank got closer to being repealed and likely the Senate will follow suit, from what I he been reading. However, the financial sector is facing a wall of delinquencies as the rate continues to climb. That would be a far greater market mover than the repeal of the legislation that would ultimately prevent financials from getting a wall of delinquencies. It is kind of ironic, if you think about it. I am more interested in selling financials and this may be good starting point to enter a short. The financials are facing dire times ahead. This is a short-term boost that allows a short seller a better vantage to sell.
AMEX:XLF
by ByDHTaylor
US Financials Sector Under PressureWe have updated our monthly publication - US Sectors Relative to S&P500. It is an overview of the major US sectors, and covers, amongst others, Consumer Discretionary, Consumer Staples, Energy, Healthcare, Technology and Financials. Within several ratings changes, we have Downgraded Financials to Underweight. On an absolute basis, the US Financials ETF XLF is showing signs of exhaustion. Prices are correcting back from the March highs at 25.30, with focus now on the 22.55/57 break level from November/December. Falling momentum studies suggest risk of a break beneath here, with subsequent focus then turning to the 20.00 break level. Relative to the US S&P500 Index, price action is also looking vulnerable. In the coming months, we see further Underperformance as institutional investors reduce exposure. Individual names which are currently under pressure include Bank of America Corp (BAC), Citigroup Inc (C), Goldman Sachs Group (GS), JP Morgan & Chase Co (JPM), Morgan Stanley (MS) and Wells Fargo (WFC). However, several names are managing to hold on to their relative strength. Investors who are maintaining a Financials portfolio are currently seeing safety in for example, American Express Co (AXP), BlackRock (BLK), Berkshire Hathaway (BRK), Moody's Corp (MCO) and Prudential Financial (PRU).
AMEX:XLF
by Michael_Macdonald-XATSUK
More upside potential towards earnings...butBAC monthly chart analysis shows two things: 1) The post elections rally drove Bank of America above a major weekly structure zone (18$) that now should act as support (green box) 2) Next major structure zone is way up near 25$. Also where the price will meet the 200 months MA line and complete a bearish AB=CD pattern. We are talking about a 10% additional rally in a stock that already doubled itself since 2015. Will we see another push higher without any pullback? Earnings are scheduled this week. The bearish scenario (short term pullback) involves a weekly Pinbar pattern. The bulls can either wait for the pullback to create better opportunities or bet blindly on the bullish sentiment that continues to dominate the market. RSI and Stochastic are overbought but no Sell Signal provided yet.. Read more about BAC, JPM, XLF and DXY in this week's newsletter
NYSE:BAC
by themarketzone
Long Term Sector RotationSPX vs Major Sectors. I added IBB to cover Biotech. Please comment. My understanding at this point is to stay in sectors which have good fundamentals and have been relative laggards. The 3 bottom ones at this point seem to be Financials, Technology and XLU / XLP. Since utilities is a risk-averse sector, so in a pro-growth environment I may want to go with the other 3. XLB is like the coyote / fox from Mickey mouse that runs a few meters off the cliff thinking its still running on solid ground before realizing that there's nothing below it and then falls like a rock. Great if you can time it right.
TVC:SPX
by iamajeya
5
Can it be anymore clearer than this?Clear wave pattern seen in the XLF -0.25% ETF . I'm expecting one final push up from 23.54 right now in the next few weeks with a target of 24.76 (76.4% retracement of 2008 highs). It would have been pretty good level to accumulate some long term puts up to a year. The anti-bank sentiment is far from over, and almost certainly not right now. Trump rally at least in the short term is not going to unwind the fact that we're in a deflationary cycle and it will only get worst.
AMEX:XLFShort
by LastBattle
1
New Area for XLF @ > 25 USD at least (historical context)What a rollercoaster the financilas got - no doubt :) How ever, based on some strategic facts (point of views) i realized that the financial sector still got time and room to prices above 25 at least. Why ??? The Sentiment changed !!! And not only this - of course politics in the US too. And this is probably the most inflous - the most bullish factor !? CNBC Joe (Squaqck Box) said an interesting set which not tasted good at first, but as longer i am thinking about it, it`s sounding plausible: "Maybe we don`t see a Trump Rally !? Maybe it`s an Obama recreation" (he said this set not word by word - in context of course - don`t nail me for this quote). And thats what i am also starting to believe. It`s much more an recovery of the last 8 years - even under Obama (and his policy in context to the financial markets) - even in relations to the US Equities (Financials & Energy Sector). I am not an political analysis or even political expert, but this hypothesis makes sense in historical context of the chart! And that`s the reason why i am so pretty optimistic - kosher confident (self-disciplined) not euphoric bullish. `Cause i can`t feel maniac future optimism around me - not here in chats, not on other intenet sites, not on CNBC or BloombergTv and by no one of my trading buddies. 2400 at least for the SPX are in (over Christmas into Trumpe Presidency start) 25 at least for the XLF are in (over Christmas into Trumpe Presidency start) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
AMEX:XLFLong
by Devise2Day