Fundamentally Preference for this sector highlighted a while ago (see link below) The current pickup in volatility should further help earnings
Technically Brokers have been going up along with banks and asset managers ETFC is now technically positive on all time frames, if slightly overbought It closed above the 56 breakout level on Friday, after building a base sin late Jan It's gapping up this morning at the open
The trade Buy here and target 58.50 / 60.00 / 65.38 / 66.00 / 80.00 on the upside Stop-losses at 54 / 52 / 50 / 44 depending on your risk level