cerealtrades

financials sector enjoying a lead on indices (XLF)

Long
AMEX:XLF   SPDR Select Sector Fund - Financial
XLF is one of the instruments whose sectore had a larger terminal upthrust than others, and is enjoying a more sizeable bounce than others after the current peak in volatility.
big names like V, PYPL and BAC are putting up enoughbof a struggle to say that they have tolerance to attract inflow from key players (sm, mm, tutes, pros).
it will be interesting to see if we can confirm a higher low before tech returns to help carry the market, making way for a larger comeback that could enjoy a solid outperformance on indices; at least for the time being.
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