XLF Surges and Follows Treasury YIELDS Higher...

From a near-term, P&F chart set-up, all eyes on 21.70 in Financial Select Sector SPDR ETF (XLF), which if hurdled upon a 21.75 print, will trigger a potential, upside target zone 23.25 to 23.75, thereafter.

So far today, along with the pop in 10-year YIELD from 1.70% to 1.80%, XLF is grinding higher, up through 21.50 so far, in route to a confrontation with 21.70.

At this juncture, only a decline that prints 21.00 will compromise the current set-up.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!