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SPDR Select Sector Fund - FinancialSPDR Select Sector Fund - FinancialSPDR Select Sector Fund - Financial

SPDR Select Sector Fund - Financial

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XLF trade ideas

Look out below. Financial sector is sending huge warningThe financial sector is sending a huge warning to all skilled technical traders. You think this big rally in the NQ, ES, YM and other is really the bottom of the market? The stock market is based on perceived forward earnings, guidance and performance of individual stocks/companies. The COVID-19 virus event has blown a huge hole in the bottom of our boat. 40+ million US working out of jobs. Income levels dropping. Stocks rallying? WTH? The reality is that risks are quite high that a broader economic collapse will take place over the next 6+ months as the real collateral damage comes into view. TRAN and XLF are showing that the markets are not stable. HUGE risks continue just below the surface. You have been warned.
AMEX:XLFShort
by BradMatheny
1
New Relative Lows For Fins & Utes vs $SPY - What's Next?Hearing much buzz about the fresh relative lows for Utilities and Financials vs the S&P 500 $SPY this week... these relative trends typically don't move together so at some point one is likely to give... Considering the underlying downtrend in Financials vs Utes, my bets on Fins underperforming and $XLF breaking to new lows vs $XLU... This is likely to happen in an environment where stocks in general are not doing too well. Check out the chart of Broker-Dealers & Exchanges $IAI trapped beneath long-term resistance in the "related ideas" below - This also does not bode well for Financials as even their strongest subsector is currently trading below significant overhead supply.
AMEX:XLF
by allstarcharts
1
XLF - Financial sector SPDR S/R zonesHello traders, Description of the analysis: The financial sector is showing an attempt at stabilization, but so far there is no talk of stabilization. We see gaps up and down. It is necessary to wait for a clearly defined volume distribution. Gaps tend to fill sooner or later. The way up again will be hampered by marked resistances. At the moment, I would be very careful to invest in this sector. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:XLFLong
by Jacob_Kovarik
XLF Long Term ChartEveryone knows that we're gonna have issues with financials given all the bankruptcies that are going to happen with oil companies, restaurants, and other businesses. The thing is, it took a full year for XLF to collapse from current price level to the bottom back in 2009. Much the same, I don't expect the market to hit bottom until next year.... What's amazing is how fast it dropped in Feb/March, not the whipsaw bounce we're seeing now. It's gonna be a long slow ride down...
AMEX:XLF
by hungry_hippo
1
THE WEEK AHEAD: WFC, C, JPM, BAC EARNINGS; XLF, IWM, XLU; /CLEARNINGS: And ... we're back into earnings season, which ordinarily kicks off with a bunch of financials. Generally, I don't play these for volatility contraction, since they don't get all that frisky generally, but this environment is a tad different from quarters past, with the 30-day in WFC (45/76), C (44/91), JPM (41/63), and BAC (40/70) all greater than 50% and with the sector exchange-traded fund up there as well (XLF (47/58)). Rather than play one of the single names, I've pondered what could be done in the sector exchange-traded fund, XLF, instead. Pictured here is a long-dated XLF call diagonal with the back month at the 90 delta in June of next year, the 30 delta-ish front month in June of this one. Ordinarily, I don't go that far out in time with the back month, but June '21 happens to one of the expiries with the lowest implied, so it will be one in which the 90 delta has a lower extrinsic value baked into it compared to expiries of shorter duration. Costing 8.36 at the mid price, it has a break even of 23.36 versus 23.38 spot, a debit paid/spread width ratio of .76, and delta/theta metrics of 58.64/.77, so it's neutral to bullish assumption with plenty of time to reduce cost basis via short call roll. You'd be paying 8.36 for an 11-wide, so have a max profit potential equal to the width of the spread (11.00) and what you paid (8.36) or 2.64 ($264) -- about 31.6% return on capital, assuming max profit. Naturally, it would have been more awesome were one to have gotten in at the 3/22 17.50 lows. EXCHANGE-TRADED FUNDS WITH 30-DAY IMPLIED GREATER THAN 50%: XLU (52/52) XLE (47/75) SMH (43/57) GDXJ (41/81) EWZ (40/74) EWW (39/58) SLV (34/50) XOP (33/100) USO (32/128) GDX (28/62) BROAD MARKET: IWM (53/54) TQQQ (47/122) QQQ (40/42) SPY (40/41) EEM (35/40) EFA (31/35) FUTURES: /NG (78/73) /ZW (69/36) /GC (41/31) /ES (40/42) /SI (34/48) /CL (32/1555) /ZC (29/32) /ZS (21/20) I reference /CL in the header, primarily due to the background implied, but also due to price action. Some of the volatility may piss out at futures open given a supposed agreement by OPEC+ to cut production by 10 million bpd or so, with the last holdout -- Mexico -- coming on board. If we revist $20/bbl., I will consider adding /CL out-of-the-money short puts. VIX/VIX DERIVATIVES: What's new ... . We're in a high volatility environment and in backwardation with VIX finishing the week at 41.67. MUSINGS: In The IRA: Things aren't looking all that great for me from an acquisition standpoint with the short put ladders I stuck out there for things on my shopping list -- at least for the April "rung" of them. That's okay, since if they expire worthless, I'll keep the premium associated with that rung. Naturally, if I don't pick up jack via assignment, I'll look at re-upping with a rung to replace the expiring worthless if that happens or just let the remaining rungs ride and look for opportunities going forward. A lot can happen in a week ... .
AMEX:XLF
by NaughtyPines