Tag "financial sector"

S&P 500 Market Update: Here Come The Bears…

S&P 500 Trading Outlook (2-3 Days):  BEARISH Upside is limited for the S&P 500 Index (INDEXSP:.INX) and a downturn in the Financials Sector (NYSEARCA:XLF) along with IWM, SML, and MID should have an effect on the S&P 500. A  move under 2461 this morning should lead the market lower. Near-term targets:  2450 and…

Stock Market Trading Update: Sector Rotation Afoot

The last 12 trading days for the S&P 500 (INDEXSP:.INX) have been equally as range-bound as the trading action that we saw in June. The S&P 500 is within 4 ticks of its closing price from JULY 19th. And the beat goes on… This stairstepping pattern will only end when…

U.S. Stock Market Update: Financials & Tech In Focus

Investors are seeing minor gains across most world stock market indices this morning.  The S&P 500 Index (INDEXSP:.INX) is inching higher ahead of the FOMC today, which is largely expected to be a non-event. The All-World index is mostly unchanged over the last 5 trading days. While the Financials Sector…

Double Breakout Here Would Be Good News For Bulls

Over the past several weeks, select cyclical sectors have started to perk up.  From Industrials to Transports to Financials to Materials, all have seen strength. This is good news for investors, as this could signal a fresh leg higher for stocks. Today, I’d like to zoom in on the Financials…

Financial Sector ETF (XLF) Closing In On 2007 All-Time Highs

The Financial Sector ETF (NYSEARCA:XLF) is still shaking off the stigma of the 2008-2009 collapse. It’s been nearly 10 years since it peaked… and it’s finally closing in on those all time highs again. And will likely surpass them some time soon. But that’s just the head line; savvy traders…

S&P 500 Weekly Outlook: Tensions Between Stocks & Bonds

In this week’s investing research outlook, we analyze the current trend of the S&P 500 Index (INDEXSP:.INX), key stock market indicators, and discuss emerging themes and news that we are watching closely in our investing research. Here’s a summary of our findings for the week ending June 16, 2017: Tensions Between Stocks and Bonds…

Global Property Prices and How They Correlate To Bank Stocks

In this article I’m going to look at how global property price trends influence financial sector stocks, and perhaps more interestingly – what the outlook is. The chart comes from a broader discussion on global property price trends in the latest edition of the Weekly Macro Themes report. The chart below…

Stock Market Update: Can Financials Lead The Market Higher?

S&P 500 Trading Outlook (2-3 Days):  Bullish The S&P 500 (NYSEARCA:SPY) saw little to no overnight volatility (into Friday’s trading session) as a result of the UK election. A hung parliament provided little to no reaction out of equities but merely Pound Sterling weakness. Although trading has stalled a bit, a positive…

Are Bank Stocks Losing Momentum? Watch This Pattern!

Bank stocks perked up last year, catching a tailwind from rising interest rates. The sector remains in an intermediate-term uptrend, but momentum has stalled out at an important price level. And investors should pay attention here. The chart below is of the KBW Bank Index (INDEXNASDAQ:BKX) since 2000. You can see…

Gauging The Pullback In Small Caps And Bank Stocks

Russell 2000 & Small Cap Stocks: Nothing Alarming Yet The Russell 2000 ETF (NYSEARCA:IWM) and S&P Financial Sector ETF (NYSEARCA:XLF) rallied after the U.S. election based on expectations for reduced regulations under the Trump administration. But both have lagged in recent weeks. As shown in the chart below, the recent…