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Thursday, 16 November 2017
SPDR Financial Select Sector and Implications: 16 November 2017, Thursday, 11.58am Singapore Time
SPDR Financial Select Sector and Implications:
16 November 2017, Thursday, 11.58am Singapore Time
(Click on Technical Chart Above to Enlarge)
Attached is the technicals for the SPDR Financial Select Sector. It is worth reiterating that if you are an investor or trader in the financial markets, you have to know that starting from 3Q-2017, major gap-ups in the US Financial Sector will now almost always yield fast significant rallies in worldwide banking stocks (refer to previous analysis as attached below for reference). In Wall Street, financial and banking stocks had been resilient in doing any correction for the past week (refer to sector ranking beside technical chart). In fact, in the 1 day performance ranking of the sectors, the banking/financial sector as a whole does not want to chalk up much negativity to the 1-week corrections anymore. Bank stocks and financial stocks worldwide are preparing to super rally again. Load more bank stocks on dips, any bank stock from any part of the world will all continue to super rally.