Tag "financial sector"

Stock Market Update: Sector Rotation Accelerates

The broad markets remain at elevated levels as rotation begins to accelerate out of some recent high flyer sectors. The Financials Sector (NYSEARCA:XLF) and Healthcare Sector (NYSEARCA:XLV) have been stellar performers since about early December of last year. Financials perhaps a bit earlier coinciding with the Presidential election. Both of these…

Market Update: Yield Curve Breakout Bullish For Stocks

S&P 500 Futures: (2-3 Days)  Bullish The markets recaptured early weakness again on Thursday. And market momentum has begun to strengthen on the heels of the yield curve breakout.  Rising yields should be supportive to financial stocks near-term. Movement up above 2370 on the S&P 500 (INDEXSP:.INX) should help drive a rally back…

Corporate Credit Markets: Party Like It’s 2017!

It has been quite a while since I have written about the state of the corporate bond market. Longtime readers know that I follow the corporate credit markets very closely as the main tell of what drives equity markets. And considering the noise surrounding the markets, it probably a good…

Stock Market Update: Sell Signals Warn Of Trend Reversals

The market continues to push upwards, though with less breadth and magnitude than seen in recent days. Today, the S&P 500 (INDEXSP:.INX) is driving closer to 2350, and the Dow Jones Industrials (INDEXDJX:.DJI) 20,600. While the Media talked about indices scaling further into new highs territory (which was certainly true), though, prices…

U.S. Equity Market Update: 3 Key Technical Moves To Watch

There was minimal net change by Thursday’s close as equity markets trudge along into February, a notoriously difficult month seasonally for Equities in post-election years. On Thursday, the S&P 500 (INDEXSP:.INX) yet again attempted to move lower. But by end of day, the major index had regained all its losses…

The Vibe: Are Broad Markets Creeping Toward A Pullback?

The Vibe: A quick, and I mean quick weekly or even bi-weekly rundown of the things Sean Emory is seeing in the market RIGHT NOW. An emphasis on broad markets, single equities, and anything in between. It’s low key good.   The Details: Investor sentiment picked up dramatically following the Trump victory in November….

Financial Stocks: Capturing The Fear Of Missing Out (FOMO)

Financials and the fear of missing out… Below is another chart fusing together the technical backdrop for the Financial Sector (chart by my partner Arun Chopra) with some fundamental bullets listed below (by myself). Today we look at the huge rally in Financial stocks (NYSEARCA:XLE). Here’s some bullets to consider while reviewing the chart…

Financials Sector (XLF) Showing Signs Of Strength

One of the biggest things happening in the market right now is the move seen in financial stocks relative to the broader market (i.e. S&P 500). But to really appreciate the move, we need to step back and look at just how bad it’s been for financial sector stocks. Since…

Insurance Stocks To Watch As Sector Breakout Hits All-Time Highs

Possible interest rate hikes? No hurricanes? No problem. Insurance stocks are breaking out and new all-time highs may just be the start. We’ve heard about the drought in Hurricanes over the last 10 years, with no major hurricanes (Category 3 or above) making landfall since 2005. Sure enough, we’ve seen a…

Financial Sector ETF (NYSEARCA:XLF): Ready To Breakout?

Chart patterns are no more than probability… sometimes they work and sometimes they don’t.  As a chart pattern recognition guy, I use them to identify potential turning points (or trend changes).  Today we’ll revisit the SPDR Financial Sector ETF (NYSEARCA:XLF). Back in June of 2015, we spotted an $XLF “SELL” Pattern….