Investors are ditching popular tech stocks for financials
"Investors are ditching popular tech stocks for financials"
what is this... Investors are ditching popular tech stocks for financials? What this all about..... See below. ------------------------------ Sentiment Trader told ==> our VIP MEMBERS here <== that Investors are ditching popular tech stocks for financials.
The Technology SPDR fund dropped 2.2 percent, its biggest one-day decline since June. some of this years top stocks are dropping a little, and the smart money is letting go or some stocks like FACEBOOK and NVIDIA for stuff in the financial sector!. We must tell you that sentiment trader has been looking at the XLF or the financial sector for some time. There seems to be some sort of rotation going on in the market at the moment. Financials seem to be on the rise.
When going bargain today it was key to note that XLF or the financial sector hit a new high and seems to be breaking out. With heavy interest, this is one to watch as we head into 2018. Seems the smart money are getting active around these camps. This could be one to watch -- See the chart below....
Our Members here => VIP members here Were told that, If the fed is going to start raising rate, the banks might do better, and if that happens, As warren buffett says, it could be a historical thing for banks, and valuations might be very cheap compared if we are looking 5 years out.
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"the financial sector - financial sector analysis"
in the news the financial sector - financial sector analysis? What this all about..... See below. ------------------------------ Sentiment Trader can see A domino effect from the bond market could lead to a correction in stocks. We will see.... There are no guarantees with this stuff. U.S. Treasury yields are hovering near one-month lows and a significant move lower may trigger a correction in equities. First there is an important chart. Sectors like financials could be threatened, adding the best-performing groups of the year "will top out at some point, and leave the broader S&P 500 Index vulnerable to a more material correction later this year.
The reflation trade centers around stocks that benefit from higher inflation and yields, including financials. Investors and traders have been betting that inflation will rise under Donald Trump's presidency as he moves to enact an agenda that includes lower corporate taxes and infrastructure spending. The Financials Select Sector SPDR Fund ETF (XLF), which tracks the S&P financials sector, has been a stalwart since Trump's victory, rising more than 17 percent since Nov. 8. However you can see that the Chart is starting to depict a head and shoulders pattern, and which is seen in the books of the best technical analysts as not being a particularly strong chart pattern going forward. So it could be a bit of a warning sign shorter term.
But the reflation trade has been under siege lately because of the decline in rates. The benchmark 10-year note yield has fallen from about 2.41 percent to 2.24 percent since May 10 and hit a one-month low on Wednesday. Financials, meanwhile, suffered their worst day since June 24 earlier this week on the back of the U.S. stock market's worst session of 2017. Stocks fell sharply on Wednesday on news that former FBI Director James Comey put together a memo outlining a conversation in which Trump asked him to halt an investigation into Michael Flynn's ties with Russian officials. Flynn is Trump's former national security adviser. Hunter noted that if yields fall, sectors like financials could be threatened, adding the best-performing groups of the year, technology and consumer discretionary, "will top out at some point, and leave the broader S&P 500 Index vulnerable to a more material correction later this year." One could adopt a much more defensive bias if the market internals do not improve in the weeks ahead, the leadership groups start to form bearish momentum divergence patterns, and we are looking at certain levels as the market target zone this summer." DON'T MISS OUT ON OUR HOTTEST updates Click the link below....
