Author: shailendra bhogaraju

Select Ideas from a Financial Conference

Posted on by shailendra bhogaraju

Attached is a note from Shailendra Bhogaraju, Senior Equity Research Analyst, and Kunal Gupta, Equity Research Analyst, previewing select companies presenting at a financial conference next week.

  • Financial is the leading sector this year, with the XLF up 34% year-to-date. It is trading 2% off highs and testing support near its 21-DMA ($49.9; -1%). The next level of support is near the 50-DMA, coinciding with October highs of $47.8 (-5%).
  • Included are annotated datagraphs for the stocks that have broken out, including
    • U.S. Focus List stock Tradeweb (TW).
    • US Bancorp (USB).
    • Truist Financial (TFC).
    • Berkley WR (WRB).
    • The Carlyle Group (CG).

O’Neil Financial Sector Weekly

Posted on by shailendra bhogaraju

XLF gained 210bps in the last five days and continues to trade at its all-time high. It is consolidating above its short-term
moving averages after gapping up on U.S. election results. Immediate support is at its 10-DMA ($50.0; -1%), followed by its
21-DMA ($49.1; -4%). The RS line is trending upward. Strong improvement in Acc/Dist Rating indicates good accumulation.

O’Neil Financial Sector Weekly

Posted on by shailendra bhogaraju

XLF gained 20bps in the last five sessions and is trading at its all-time high. It is consolidating constructively above its short-term
moving averages after gapping up on U.S. election results. Immediate support is at its 10-DMA ($49.3; -1%), followed by its 21-DMA
($48.3; -3%). RS line is trending upward. Strong improvement in Acc/Dist Rating indicates good accumulation.

O’Neil Financial Sector Weekly

Posted on by shailendra bhogaraju

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.

O’Neil Financial Sector Weekly

Posted on by shailendra bhogaraju

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

Posted on by shailendra bhogaraju

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

Posted on by shailendra bhogaraju

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.