SELECT SECTOR SPDR TRUST FINANCIAL

XLF NYSE ARCA & MKT

drewby4321

For Growth Investors, there were a few shocking days over the past months where the indexes went up but our portfolios went sideways or down. There's no worse feeling than having the market go up and have your portfolio go down. The cause was sector rotations as investors moved into "discounted" stocks that were hit the worst during the market crash of 2020...

LazyBear

With a massive squeeze on 4 timeframes (4hr/6hr/1D and 1W), XLF is poised to make a big move (In the chart, blue candles are all TF squeeze candles). Squeeze release is usually accompanied by a fakeout, so need to be careful there, but based on other momentum indications, good chance of this breaking up. Breaking up that RSI resistance will be a good...

10:40

r3anand

I see an easy 10%-15% downside risk opening up in XLF. I have taken a short position via 34 strike price puts for may 21 expiry. My target is 31 to close position and will consider going long @ 29 level.

jsaettele

Note the weekly volume reversal in XLF last week (see scandinavianmarkets.com to view this chart). This is interesting in light of the rotation narrative (value/growth). Previous weekly volume reversals occurred in 2001, 2007, and 2010…great time to prepare for a downturn. Also, 5 waves up from the 2009 low are visible in XLF. The channel is...

roguewavecapital

Market leadership has clearly passed to the FAANGMAN group. Being deep long here is dangerous imo.

icombs17

XLF keeps moving higher on less and less momentum.

Modus777

Looking at the near term indicators, the Stoch RSI stands out the most for me. On a daily timeframe, the daily RSI is not overbought, but the weekly timeframe shows some overbought action. My only worry this week would be if banks don't do well, which might be pretty difficult, that XLF might find itself double topping at these levels and starting a corrective...

OJsWhiteBronco

Showing continued bearish divergence on financials with stochastic momentum getting weaker. Stochastic hasn’t seen the bottom of the range since start of month.

CastleTrade

Short XLF at 30 minute level of supply 35.05 -35.13 Stop loss at 35.24 Target #1 34.38 Target #2 is 33.78 Risk is .19 Reward is .67 for Target #1 and 1.27 for Target #2 Intraday or Short term only as bullish trend is strong! Abort trade if prices consolidates right below the level or if price gaps above level in premarket.

slkc85

Bullish biased for now.

TheTradingDog-real

One month performance $SPX $XLF $XLE $XLK $XLY $XLE & $XLF explains most of the $SPX performance of the past month but they are starting to roll over. Rotation back into tech?

shkspr

AMEX:XLF Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%, TP ~35 CALLS for 21 April Strike 35$

Dienda88

Typical recovery play, October/November seems to have been the best time to go long anything. On the shorter term, XLF is bouncing off a bullish trendline, with over all a very decent bullish channel on the longer time frame. However, this looks awfully similar to my ARKF play, where it had a similar set up, but cratered into the Earth's core. Jpow and friends...

sfhenderson17

$33 3/31 puts as a hedge, if fed isn't raising rates, banks should begin to pull back...

TK0421

Financial sector, XLF, has been outperforming other sectors in S&P as what seems to be a sector rotation is taking place. Money is coming out of technology to more defensive sectors recently. Nevertheless, when I look at this XLF chart, it is screamingly bearish. Bearish rising wedge with negative divergence on both PPO and RSI. It is pretty extended as well. It's...

frodo75

Divergences in the momo indicators. I am thinking a deep pullback to 200 Daily SMA, the red MA on the chart. Nicely lines up with SPY in the previous idea. Either all of these indexes will honor the divergences or none will. What do you think?

sfhenderson17

always need a few, like this for a pull back, if good for the market...

Elliottwave-Forecast

Short term Elliott Wave View suggests that the rally from September 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. The 1 hour chart below shows wave (3) of this impulse ended at 35.2. Wave 4 of (3) ended at 32.16, and the rally in wave 5 of (3) unfolded as an impulse in lesser degree. Up from wave 4, wave ((i)) ended at 33.95, and pullback in...