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"Mini" Sector Rotation Out of Big Tech & SPY into Financials, Materials, Biotech...


On this morning's video, I neglected to show you my ratio chart of the SPDR S&P 500 ETF (SPY) vs Financial Select Sector SPDR Fund (XLF), which has turned down after a 3+ months of SPY outperforming XLF (the benchmark outperforming the Financials).

After yesterday's upside thrust in XLF (discussed in this morning’s video), the Financial ETF appears to have started a new upleg in relation to the SPY, which means that money should begin to come out of the benchmark and enter XLF.

Notice the ratio has declined and violated its 3+ month, up trendline, providing additional conviction that XLF (KRE and bond YIELDS) have started a period of relative, if not absolute strength.

Our Model Portfolio is long SPDR S&P Regional Banking ETF (KRE), and ProShares UltraShort 20+ Year Treasury (TBT)s

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