Killy_Mel

MACRO VIEW: XLF AT MACRO UNCERTAINTY, STILL RECOVERING FROM 2008

AMEX:XLF   SPDR SELECT SECTOR FUND - FINANCIAL
Financial SPDR ETF is still recovering from 2008 losses and did not make it back in terms of prices.

On long term basis - XLF             has only recently crossed back the 10-year mean upwards (now at 21.50) and have been in 5-year uptrend until the recent August selloff. Currently it is trading within 1st standard deviation from 5-year mean, showing no macro trend.

On short term basis - XLF             is also showing no trend, as the price is trading within 1st standard deviations from 1-year and quarterly means.

In summary, the 5-year uptrend will resume only after price will cross back 24 (5-year uptrend border). Until then, trend is lateral.
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