VFH cools after the financials rally
VFH slips 1.3% as money flow cools after the financials rally
Our view last week
VFH, the US financial sector ETF, wins back the buyers: after a week where 62% of volume came from sellers even as the price rose, this time the flow flips and 89% of trading comes from buyers, with the price still up 1.2%. The weekly RSI keeps climbing, at 72.2, further into overbought territory, while the highs have been tested repeatedly without giving way. The fund is up 10.5% since entry.
This week's summary
VFH, the US financial sector ETF, cools off after the rally: this week the price slips 1.3% and sellers take back control of trading (59% of volume), while money flow slows for a 4th straight week. The weekly RSI eases from a 72.2 high to 66.8, still elevated. The trade has been open for 18 weeks and is up 9.06% since entry.
IQS Phase
65
in tension
Signal Strength
8
low · fading
Sizing
MINIMUM
Ranking
#167 / 167
US stocks in progress
Trade P&L %
+9.06%
from signal to date, no stop loss
Rank position
ranks 167th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 8 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
VFH belongs to the etf settoriale sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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