Financials Thrust to Upside at Expense of Tech Sector

Along with the Financial Select Sector SPDR Fund (XLF), JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), etc., American International Group, Inc. (AIG) also is on the move to the upside today, poised for upside continuation.

The attached big-picture technical set-up shows AIG heading for a test of very important resistance lodged between 64.20 and 64.40, which, if hurdled and sustained, will trigger upside follow-through potential to 66-67 next.