SPDR Select Sector Fund - Financial XLF

LazyBear Wizard

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...

ismartinvesting

Banks have been selling off since the beginning of mid-January and could have some more bleeding to do as well... also, we must take in the fact the banks are invested in to BTC & ETH and other crypto's as well and could be losing in the realm as well and smart money knows that, heavy heavy puts on the banks side... and we see citadel is handing them with the...

ulrichniederhausser

Financial sector has also ended wave 4. Almost every chart show the end of wave 4. Some assets ended wave 3 in september, other in november or january. Market in now going to develop wave 5 UP

PennantTrading Pro

Bought two calls here. Unusually large put transaction and possibly a double bottom

grenadetrade

$XLF has broken through and retracing near term support in the past few sessions. I don't see any meaningful support until $31. I see similar damage and downside risk with $RUT and $SPX. Charts to come.

pentrades

Price has been in a downtrend since early this year but has consistently found support at the specified level. In the last 6 months, price has bounced off of that level 5 times and each bounce has resulted in substantial appreciations. Now, that support concords with a prespecified Fibonacci level of support. However, XLF seems to be breaking down; if it fails to...

Profit_Reaper Premium

Banks look on the verge of long term breakdown out of broadening wedge pattern with massive monthly RSI divergence.

DRWN_biz Pro+

Most of the banks trade at market cap of 50-70% of their actual working capital. They have strong balance sheets with lots of cash. And they will benefit from turning overnight repos with 0,05% to bonds with 3% yield. 30 bln in profits out of thin air. Just have to overcome the panic at some point

ismartinvesting

We can't never call what's going to happen only the pressure points we can lead to and below ive featured some point we could possibly hit for big money on the option chain.

ismartinvesting

Ima Just say what Cathy Woods says, the future is unforeseen lol, but banks tend to do well it's just i have a feeling they're stuck with some gaps on the housing industry and interest rates and that can really crash all these banks. Just because you beat the estimated earnings or have solid earnings does not mean the price action will reflect... There's too much...

burtnette Pro+

TLT in relation to XLF back to the bottom of the decade-long wedge. I feel this is a decent risk on/risk off indicator. Risk off = bonds outperform banks; risk on = banks outperform bonds. Watching to see if the trend changes here.

ismartinvesting

$XLF usually goes long when the 30,50,100 sma all cross over like shown. would be looking to go long here to the $43 range like anything inflation brings soaring prices... so, for example, you go to Walmart bread is more expensive. well, you go to the stock market bank stocks are going to be more expensive... simple logic use your head traders. Do not count banks...

ismartinvesting

All i can say is the guys at the banks are making money i strongly suggest adding to position anything under $37 as a stock buyer and anything around 36.79 as an option purchaser into 2023.

ismartinvesting

Banks always get hit first as they always provide us with the initial QTRLY earnings... some are good and some are bad but the P:E ratios on most are solid like CITI bank or Goldman Sachs, JP Morgan, Chubb, Wells Fargo and this is what moves XLF... now i could be wrong here but with prices going up banks taking large oil and commodity positions i feel the...

lauralea Pro

XLF has broken has fallen through the bottom trendline, then price broke back through and is in the rectangle again. The Select Sector SPDR Trust - The Financial Select Sector SPDR Fund is an exchange traded fund launched by State Street Global Advisors, Inc. It is managed by SSGA Funds Management, Inc. It invests in public equity markets of the United States....

iamvinniesrs

Classic HnS into inFLATION NATION Longs and call holders will get rekt

bsdvs23 Premium

Financials on full display going into earnings . Will those GAPS fill? Keep them on your radar. #XLF #JPM #C #BAC Interest Rates continue to rise on 30 year home mortgages and the federal interest rates consumers begin feeling the pain of being both pushed out of the market and every direction they turn. In most cases higher interest rates help the banks and...

rfc4 Pro+

Well. Interesting theory. What if the rounding top happening with the $XLF will precipitate $GME to the moon? Or visa versa? An outside event that causes a desperate need for capital could cause hedge funds to liquidate short positions. Or perhaps a reversal from the feds to QE from QT because we're at risk of a recession, signaling cheap capital is coming and...