Tag "xlf"

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…

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…

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….

Financial Sector (XLF) In Focus As Market Hits Resistance

We have yet to see much of an aftershock to market’s after yesterday’s tragic terror incident in France. The STOXX 600 has rebounded from early losses and is still set to finish the week up nearly 3%. Emerging mkts have extended their weekly advance to up over 4 percent, the most…

Financial Stocks ($XLF): The Upside… And The Downside

The correlation between financial stocks (via $XLF here) and the 2 year Treasury yield is tight.  The latter tends to be sensitive to Fed action. In recent months in particular, the 2 year treasury yield has been on a roller-coaster ride trying to keep up with FOMC members’ constantly shifting…