SPX is extended at year high resistance, dollar in death spiral, techs notable underperformance today but into the close comes the massive financial breakout out of multi month base. As always, continuation will be needed for confirmation but we'll be looking at stocks in the sector extensively tonight for our watch-list. XLF is one of the only sectors that is not extended and a rotation into financials now would seem likely if we can get continuation in the next few days (i.e. to rule out today being a head fake).
Investors, Still Their Own Worst Enemy
6 hours ago