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.
Author: shailendra bhogaraju
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.
O’Neil Financial Sector Weekly
XLF pulled back slightly this week but overall remains constructive. The index is trading 2% above support at its 21-DMA ($50.30), with next support at the 50-DMA ($49.7; -3%). RS line is trending upward, while RS Rating has remained above 80 over the past six weeks.
O’Neil Financial Sector Weekly
XLF is trending higher, just below its all-time highs. The index rebounded after testing key support at its 100-DMA ($47.8; 8% away).
RS line is trending upward, while RS Rating has been above 80 over the past six weeks. Up/Down Volume ratio of 1.0 should improve.
O’Neil Financial Sector Weekly
XLF has reclaimed all its key moving averages and is trading 3% off highs. The index rebounded after testing its key support at the
100-DMA ($47.5; 5%). RS line is trending upward, while RS Rating has stayed above 80 over the past six weeks. Up/Down Volume
ratio of 1.1 indicates good demand for the stocks in the sector.
