Financials (XLF) Continue To Outperform Most Other Sectors

Share This Article
October 5, 2017 6:07am NYSE:XLF

NYSE:XLF | News, Ratings, and Charts

From Corey Rosenbloom: As the market jumps to another new all-time high, let’s step inside the market to see money flow among the nine sectors.


It’s revealing a bullish picture as this grid helps us visualize what’s happening beneath the market.

Here we go!

We’re seeing our Nine Sector Grid with the AMEX Sector SPDRs in our Sector Rotation Style.

The top six ETFs are in the “bullish” or “offensive” group while the bottom three are “defensive.”

We use this logic to cross-check if money is moving toward Risk-ON or Risk-OFF activities.

Let’s just ask which sectors are outperforming the others – we just look at the hourly price trend:

Financials (XLF), Tech (XLK – except for today’s down-gap) , Discretionary (XLY), Industrials (XLI), Materials (XLB), and even Energy (XLE).

Our three “bearish” or Risk-OFF sectors are showing money flow OUT of these groups with the exception of Health Care (XLV).

Staples (XLP) and Utilities (XLU) are hitting new swing lows via intraday downtrends.

For the moment, the situation remains “Risk-ON” bullish or offensive in terms of money flow among sectors.

Continue watching this picture for any sudden changes in money flow across our sector grid.

The Financial Select Sector SPDR Fund (XLF) was unchanged in premarket trading Thursday. Year-to-date, XLF has gained 12.87%, versus a 14.30% rise in the benchmark S&P 500 index during the same period.

XLF currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 36 ETFs in the Financial Equities ETFs category.


This article is brought to you courtesy of AfraidToTrade.com.


7 Best ETFs for the NEXT Bull Market

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



9 'MUST OWN' Growth Stocks for 2021

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories