XLF gained 7.8% last week and is trading at a new all-time high. Immediate support is at its 10-DMA ($48.2; -4%), followed by its 21-
O’Neil Financial Sector Weekly williamoneil.com • services@williamoneil.com • 800.545.8940 2
DMA ($47.5; -5%). The RS line has been trading sideways over the past few weeks. RS Rating of 80 is strong and indicates good
outperformance.
Author: shailendra bhogaraju
O’Neil Financial Sector Weekly
XLF declined 2% last week and breached support at its short-term moving averages. It is trading 3% off highs. Immediate support is at
its 50-DMA ($45.7), coinciding with September highs of $45.8, followed by its 100-DMA ($44.1; -5%). Its RS line has been trading
sideways over the past few weeks. RS Rating has been above 80 for the past five weeks, indicating good outperformance.
O’Neil Financial Sector Weekly
Financial was the fourth best performing sector over the past five sessions. XLF is trading 1% off-highs and has immediate support at
its short-term moving averages that are 1-2% below current levels. RS Rating has been above 80 in the past four weeks and Acc/Dist
Rating remains positive, indicating good accumulation.
O’Neil Financial Sector Weekly
Financial was the third best performing sector over the past five sessions. XLF is trading 1% off highs and has immediate support at
its short-term moving averages that are 1–2% below current levels. RS Rating has been above 80 in the past three weeks, and
Acc/Dist Rating has turned positive, indicating good accumulation.
O’Neil Financial Sector Weekly
Financial was the second best performing sector over the past five sessions. XLF is trending upward and is trading at an all-time high.
Its RS line is trending sideways with improving volume ratings.
O’Neil Financial Sector Weekly
Financial was the second best-performing sector over the past five sessions. XLF is taking support near its 21-DMA and is trading 2%
below its recent high of $45.9. It is trading sideways, with a declining RS line.
O’Neil Financial Sector Weekly
Financial was the second worst performing sector over the past five sessions. XLF is taking support near its 21-DMA and is trading
1% below its recent highs of $45.9. It is trading sideways with a declining RS line.
O’Neil Financial Sector Weekly
Financial was the third worst performing sector over the past five sessions. XLF is testing resistance near its recent highs ($45.9) and
trading sideways with immediate support near its 10-DMA ($45; -1%).
O’Neil Financial Sector Weekly
Financial was the second worst performing sector over the past five sessions. XLF pulled back on heavy volume but quickly
rebounded after finding support at the 50-DMA ($43.5; -4%). It has reclaimed all its key moving averages and is trading 2% off highs.
Select Ideas from Financial Conference
- Financial is among the leading sector year-to-date with the XLF trading near all-time highs and testing support at its 10-DMA ($44.9). Next support is at its 21-DMA coinciding with July highs of $44.1 (-2%).
- Included are annotated datagraphs for the stocks that are trading in or near the pivot range. Stocks include:
- USFL stock BX
- USFL stock TW
- JPM
- BAC
- WFC
- MS
- BK
- FITB
- AXP
- CME
- CBOE
- PFSI
- MSCI
