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.
Author: shailendra bhogaraju
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
Select Ideas from the KBW Insurance Conference
- Insurance stocks are leading year-to-date in the U.S. Financial sector, with IAK trading at its all-time high.
- Included are annotated datagraphs for the FL stocks and stocks that are trading in or near the pivot range. Stocks include:
- PLMR
- TRV
- CB
- RYAN
- MET
- THG
- SKWD
- FG
- HGTY
