Sector ETF Performance – U.S.
XLF faced resistance at its 50-DMA ($50.5; +2%) and broke below its 100-DMA ($49.9) last week. It is currently trading 5% off highs, with next support at the 200-DMA ($47.0; -6%). Though RS line is trending upward with a strong RS Rating of 84, the sector remains under distribution as reflected by the worst-possible Acc/Dist Rating of E. Insurance-related stocks have been outperforming over the past three months.
KBWB (Large Cap Banks) also rolled over after hitting resistance at the declining 21-DMA ($64.1; +3%). It is trading 13% off highs, with next support at the 200-DMA ($62.5). Leading ideas from the group: BK, C, WFC.
KRE (Regional Banks) continues to trade below its 200-DMA ($58.5; +3%). It is trading 19% off highs, with next support at the recent low of $54.56. RS line is still in a downtrend, with the worst-possible Acc/Dist Rating of E. Leading ideas in the group: CCB, TBBK, FLG.
IAK (Insurance) retook all its key moving averages and is breaking out of a stage-two cup-with-handle base with a pivot of $137.8. Immediate support is at its rising 21-DMA ($134.9; -1%). RS line is trending upward, indicating outperformance. Leading ideas in the group: PGR, PLMR, BRO, SKWD, RYAN, GSHD.
IAI (Investment Services) is taking support at its 200-DMA ($136.8; -2%). It is trading 12% off highs and has immediate resistance at its declining 21-DMA ($143
Author: shailendra bhogaraju
O’Neil Financial Sector Weekly
XLF reclaimed its 100-DMA ($49.7; -1%). It is trading 5% off highs, just below its 50-DMA ($50.3). The index has strong price support
near its October 2024 high of $47.8. Though the RS line is trending upward with a strong RS Rating of 84, the sector remains under
distribution, as is evident in the worst possible Acc/Dist Rating of E. Insurance-related stocks have outperformed over the past three
months.
O’Neil Financial Sector Weekly
XLF is rebounding from support at its January low ($47). It is trading 7% off highs, with next resistance at the 100-DMA ($49.61). RS
line has remained stable, but Acc/Dist Rating remains weak at E. Look for the index to retake the 50- and 100-DMA to turn
constructive.
O’Neil Financial Sector Weekly
XLF was down ~6% last week, driven by a broader market decline, and broke below its 50- and 100-DMA. Next support is at the 200-
DMA ($50.0; -4%). However, its RS line has remained stable. Look for the index to consolidate here.
O’Neil Financial Sector Weekly
XLF retook its 21-DMA and is trading constructively, 2% off highs. Immediate support is at its 21-DMA ($51.3; -1%). Look for the index
to consolidate near highs to remain constructive.
Select Ideas from a Financial Conference
Key points from this report:
Ideas are setting up less than 5% to pivot or are recent breakouts.
Ideas show good near-term relative strength (three-month RS Rating ≥70) and trading above their 50-DMA and 200-DMA.
Refer to pages 2–11 for annotated Datagraphs®: CME, TFC, MET, ALL, BR, NTRS, USFL stock TW, FHN, ONB, and KMPR.
O’Neil Financial Sector Weekly
XLF is testing resistance near its 21-DMA and is 2% off highs. Immediate support is at its 50-DMA ($50; -2%). Wait for the index to
consolidate above its 100-DMA ($49.1; -4%) to remain constructive.
O’Neil Financial Sector Weekly
XLF is trading 1% off highs and is testing resistance near its previous high of $51.6. Look for support at its 50-DMA ($49.9; -4%),
followed by its 100-DMA ($48.8; -6%) that has been a strong support level since November 2023. RS line is trending upward. Acc/Dist
Rating has improved over the past three weeks, indicating good accumulation.
O’Neil Financial Sector Weekly
XLF is trading 2% off highs and is testing resistance near its previous high of $51.6. Look for support at its 50-DMA ($49.9; -3%),
followed by its 100-DMA ($48.5; -6%), which has been a strong support level since November 2023. RS line is trending upward.
Acc/Dist Rating has improved over the past three weeks, indicating good accumulation.
Financial Services Conference
Key points from this report:
- Ideas are setting up less than 5% to pivot or are recent breakouts.
- Ideas show good near-term relative strength and trading above their 50-DMA.
- Refer to pages 2–13 for annotated Datagraphs® of 12 ideas.
