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Stock Market & Financial Investment News

News Breaks
July 10, 2014
05:46 EDTXLFFinancial Select Sector overall volatility at 13, 26-week average is 16
News For XLF From The Last 14 Days
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April 23, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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April 22, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
The following are the pivot points for XLF. Pivot High: $24.230, Pivot Low: $23.970. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
05:57 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
April 21, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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06:07 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
April 20, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
The following are the pivot points for XLF. Pivot High: $24.235, Pivot Low: $23.935. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
05:57 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
April 17, 2015
14:58 EDTXLFOn The Fly: Weekly technical notes for Tech SPDR ahead of earnings in sector
Among the potentially significant charts for the coming week, The Fly is watching the Technology Select Sector SPDR (XLK), Financial SPDR (XLF), the S&P 500 (SPX) and the United States Oil Fund (USO). TECHNOLOGY SPDR: In a week ahead filled with important tech names reporting earnings, the ETF is also trending close to long-term support at its 50-week moving average at $40.33. The uptrend in this ETF has been stable since late 2011, with only a minor test below the 50-week on two occasions in that time. A breakdown could therefore be quite bearish and would be a significant drag on the S&P 500 index given its heavy weighting therein. FINANCIAL SPDR: After a week heavy with bank earnings, the ETF is close to an important long-term technical inflection point. Looking at a 5-year chart, the 50-week moving average is nearby at $23.55. A breakdown below that level in the week ahead could end the run the sector has enjoyed since June 2012. Support below would be at $22.89. Given the high degree of correlation with the S&P 500, weakness or strength in the Financials could help determine where the index goes next. S&P 500: The index took a hit in trading today that edged it below the 50-day moving average. For now the key area of interest on the downside is at 2040 to 2030, the low of its current trading range. Without a break lower, the range bound nature of index trading is likely to persist. The range is approximately between 2040 and 2110, putting the action at week's end right in the middle ahead of big earnings next week. In the context of the long-term trend, the index is nearing a test of support at its 50-week moving average which was last at 2011.50. Until or if that level breaks, the bias is still up. The 50-week has only been broken in major fashion once since the rally began in early 2012 and that was during the lows of October last year. UNITED STATES OIL FUND (USO): The ETF ticked a key level this past week and needs to be watched closely in the coming week. If the $20 level is breached again on the upside it would signal the potential for a strong run higher. The pattern is currently that of a rounding bottom with a bullish inverted head and shoulders embedded within that has upside potential over time to $21.50 to $22.
08:45 EDTXLFFinancial Select Sector: Pivot points
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06:22 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
April 16, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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April 15, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
The following are the pivot points for XLF. Pivot High: $24.460, Pivot Low: $24.260. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.
06:40 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
April 14, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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06:04 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
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April 13, 2015
08:45 EDTXLFFinancial Select Sector: Pivot points
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05:58 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
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April 10, 2015
15:03 EDTXLFOn The Fly: Weekly technical notes for Financial SPDR ahead of bank earnings
Among the potentially significant charts for the coming week, The Fly is watching the Financial Select Sector (XLF), S&P 500 (SPX), and iShares Transportation Average (IYT). FINANCIAL SELECT: In the coming week the major banks will report and that is likely to move this bank focused fund. Currently, the Financial Select Sector SPDR has a potential bearish wedge on the 1-year daily chart. It is very close to triggering at or below $24, and would have downside potential to the $23 to $22.75 area. Patterns during earnings are at their weakest in some respects as news can lead to the opposite of the expected outcome. If that is the case, investors could expect to see upside equal in magnitude to the downside, with a move up to $25.50 or higher. S&P 500 (SPX): The expected range-bound trading highlighted last week has continued this past week, but with an important technical event today. In the week ahead traders should note that a bullish symmetrical triangle pattern became active on Friday afternoon when price rose above the 2080 area. For now traders appear poised for the range of the last few months to be resolved bullishly, which could mean new life highs in the week ahead. The measuring implications of the triangle, if it remains active, would see upside to 2160 area. With earnings ahead this pattern could fail, and a move below 2085 at this juncture would be a signal that the pattern is no longer valid. TRANSPORTATION: The Fly made a note of the importance of the 50-week moving average earlier this week, last at $154.17. On a 5-year chart its importance as an uptrend support line proxy is clear. The bulk of gains in the S&P 500 and Dow for example have followed the breakout of the Transports in January 2013. A breakdown below the 50-week would, therefore, have broad bearish implications. A stronger bounce than has been seen away from the 50-week, which was briefly broken on Monday April 6, could equally signal a broader advance in the major indexes.
08:45 EDTXLFFinancial Select Sector: Pivot points
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06:24 EDTXLFFinancial Select Sector overall volatility at 16, 26-week average is 17
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