XLF Likely Faces Selling Pressure If Rallies To Broken Support

posted in: Economy, Equities, Technicals | 0

With XLF (SPDR financial ETF) short interest near a multi-month low and the Treasury yield curve continuing to come under pressure, U.S. financials are acting weak, even breaking down. Back in March this year, XLF unsuccessfully tested the prior high … Continued

XLF Bulls Manage Another Crack At 2007 Resistance, Meet With Failure Again

posted in: Credit, Economy, Equities, Technicals | 0

Once again, XLF (SPDR financial ETF) has been denied at resistance that goes back a decade. In December 2015, for the first time since July 2006, the Fed raised the fed funds rate.  It was a 25-basis-point increase to a … Continued

XLF Bulls Defend Neckline, At Resistance – Risk Of Double-Top

posted in: Credit, Economy, Equities, Technicals | 0

The House pushed through a bill last Thursday aiming at getting rid of many of the Dodd-Frank reforms implemented post-Great Recession. The bill probably does not pass the Senate, but the very idea of less/lax regulations lit a fire under … Continued