03/13 – 03/17 Financials

XLFD1

As long as FOMC remain hawkish financials will continue to add in gains. New catalyst for move in this sector may be found this week on Wednesday when we will have new data about Fed Interest Rate Decision . The prior pivots for trading this week is 25.30 and 24.67 on XLF. As long as XLF hold 24.67, stay bullish and watch for follow through to clear 25.30, trading strong stocks. If bears build up power and broke 24.67, see if they hold and watch for follow through to 24.38  24.25 and after to 23.75trading weak stocks.

  • Strong Stocks : MA, PYPL, TSS, V, ALL, CB, PGR, TRV, HIG, PFG, PRU, UNM, MMC, MS, SCHW, AMP, BEN, NTRS, FRC, PNC, C, JPM, USB, WFC, CBG, CME, ICE, SFR.
  • Weak Stocks : AIG, AMTD, AIV, PLR, HPP, HCN, MAC, NNN, O, REG, SPH, VTR.
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