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SPDR Select Sector Fund - FinancialSPDR Select Sector Fund - FinancialSPDR Select Sector Fund - Financial

SPDR Select Sector Fund - Financial

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XLF trade ideas

XLF is aliveNothing better for financials than a FED hike pause. XLF daily chart is experiencing a 21/50 EMA crossover (purple converging with green line), has crossed above the Ichimuku cloud, and sits currently right at 200 day EMA (red line), which is also a key Gann level. XLF could reverse downward off this 200 day EMA, but there is a low volume profile above, so it has potential to rocket above into the next Gann line at 34.48. Given the apparent bullishness in the general indices, I give this bullish potential good odds. Nevertheless, we are not out of the woods with financials in the longer run, should rates remain high, the odds of more financial sector defaults remains high.
AMEX:XLF
by UnknownUnicorn13101
Most important $$$ sector in the American marketWe are likely approaching the event that will finally close the bull!@#$ MMT chapter of investment banking. The XLF sector is the most important sector to monitor as the speed and magnitude of its decline will likely dictate how the rest of the sectors will follow. Despite what the FED, government and bankers want us to believe, the financial system is not stable. It is grossly leveraged in CLOs, CMOs, general debt and other corrupt forms of financial engineering, and it shall have to fall for balance to finally return to the financial world. This is exemplified recently by "sudden" collapses of fairly major banks like Silvergate, SVB and soon CS. My hope is the event will not hurt us, the people, too severely when it finally crashes to its final destination. All the green circles are important and possible pausing points, but there is no need to pause anywhere if there is a credit event. GL.
AMEX:XLFShort
by supere
1
Bullish Cypher target $37Looking at this trading range, I've spotted a previous bearish cypher, a current bullish cypher. Price Action has retrace back to the Previous (B) leg of the Bearish Cypher. The Previous resistances, is currently acting as support for the D leg of the present bullish cypher. We can confirm this w/ the bottom of the Stoch RSI. I'm looking to buy put options on $faz ( the financial 3x bear ETF ) near the open bell Monday Morning.. I can also buy shares in the premarket of $xlf or call options. It will depend on the price action of both at that time.
AMEX:XLFLong
by moneyflow_trader
2
Warning, warning, financials in huge problemsXLF was for some time in a bullish and bearish mode opportunity. There were chances for bulls as it was close to triggering the bullish reversal pattern, the inverted head, and the shoulder, but it failed. On the other side, bears did have their reversal pattern, a rising wedge that was broken yesterday, triggering a sell signal. This is a zone/situation in which XLF could drop really hard and really fast. Volume is increasing on the drop, which is bearish. We are still above the 50-day MA and BigRed, which is neutral due to the fact we are below the 20-day MA. RSI is dropping hard, signaling weak market conditions. MACD is ticking strong red while the MACD line starts to fall hard. Overall, with the triggering of the rising wedge and breaking below the trendline, there is a really small chance for bulls for some time now. There could be some kind of retesting of that broken trendline, but only retesting after which I expect the price will dive just like that. The first major support should be where there is BigRed and a block area from the end of 2022. The chances for that to hold are not big. For bulls, the only last hope is that we don't make a lower low (blue dotted line), but it is only a hope as it seems for now.
AMEX:XLFShort
by Consistent_Trades
AAPL/MFST Key Resistance for $QQQ. XLF Houly Bullflag, 25BPS- 7.5% move on QQQ/NASDAQ in 4 days. AAPL and MSFT now hitting key resistance, will be watching to see if it can break above or not for QQQ to continue. - likely a slight pullback hourly consolidation for QQQ before attempting another leg up. - after ECB hiked 0.5% this morning our rate hike of 25Bps increased to 80% chance this morning. - XLF hourly bullflag still possible need to see bulls show up and hold above 0.382 fib - as long as hourly trend is intact for the bulls on QQQ / SPY / SPX there is no red flag at all for the bulls.
AMEX:XLFLong
by ArcadiaTrading
Financials Revisit a Long-Term LevelThe past week’s selloff in banks has inflicted some punishment on the broader financial sector. But how severe is it? Will the crisis become an opportunity for patient buyers? Today’s chart of the SPDR Financial Select Sector Fund might help answer those questions. It uses weekly candles to help provide a long-term perspective. The main pattern with potential relevance is the price area around $31. It was the high on two notable occasions: before the financial crisis in 2007 and immediately before the pandemic in February 2020. Notice how XLF tested and held this critical level in June and July of 2022. The index briefly fell about $1 below it in October but recovered after a few weeks. Those previous bounces may suggest that old resistance has become new support. Fast forward to March 2023 and XLF is back in the same neighborhood. This morning saw a probe as low as $30.90 before prices rebounded. Given that the current low is slightly above the October trough, the result could be an inverted head and shoulders basing pattern. (See the white arrows.) The 200-week simple moving average (SMA) is the other potentially noteworthy pattern. Notice how XLF bounced at this line at other moments in 2016 and 2018. (See the green arrows.) Standardized Performances for ETF mentioned above: Financial Select Sector SPDR® Fund ( XLF ): 1-year: -7.27% 5-years: +23.73% 10-years: +150.14% (As of February 28, 2023) Performance data shown reflects past performance and is no guarantee of future performance. The information provided is not meant to predict or project the performance of a specific investment or investment strategy and current performance may be lower or higher than the performance data shown. Accordingly, this information should not be relied upon when making an investment decision. Exchange Traded Funds (“ETFs”) are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
AMEX:XLF
by TradeStation
3
XLF - FinancialsIn case you're wondering what caused the tank today, financials led the way. Unfortunately, I don't think SI will be the only bank to go under, I think this is just the beginning. We're going to see banks go under because they lent money to garbage companies at low rates. A lot of these companies are gonna go bankrupt, like BBBY, W, PTON, AFRM, etc and as they go belly up, the banks take a loss. I think today is just the start. That being said, XLF is now oversold on the daily so it probably gets a bounce.
AMEX:XLF
by hungry_hippo
4