Most of the Financials ETFs look similar to XLF right now.

xlf

After months of trading between the 50 and 200 day moving average, the group finally broke out.

Some might call it a head and shoulders top and that’s whatever, but what’s important is the size of this base.  The financials have based in this range for over half a year now.

If this breakout can stick, we might’ve just seen the low of the year in banks and financials

Trade ’em Well