XLF: US financials cool off near record highs
XLF ETF climbs 1.1% as buyers ease off near record highs
XLF: US financials cool off near record highs
Our view last week
XLF technical analysis: the US financial sector ETF closes a flat week (+0.1%), but beneath the surface the picture keeps strengthening. Buyers are back in control of the tape at 92%, money flow keeps climbing and the weekly ADX reaches 18 - the trend keeps gaining conviction. Price is still hugging its recent highs, and the position open for 14 weeks now sits at a 7.4% gain.
This week's summary
XLF technical analysis: the US financial sector ETF closes another positive week (+1.1%), but the pace eases from the prior week, when buyers dominated 92% of the tape. This week they slow to 53%, and the price action flags two signs of indecision. The underlying trend stays firm - the ADX climbs toward the 20 mark - while price works trapped between two historical resistance levels near the highs. The trade, open for 15 weeks, sits at +8.6%, with the stop now guarding the gain.
IQS Phase
76
in tension
Signal Strength
8
low · fading
Sizing
MINIMUM
Ranking
#120 / 120
US stocks in progress
Trade P&L %
+8.60%
from signal to date, no stop loss
Rank position
ranks 120th among the 120 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 strong phase
Performanceweekly +1.12% · monthly +3.94%
XLF belongs to the etf settoriale sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
restricted Platinum content