FINANCIAL ICEBERG
Always consider hidden risks
​
 TECHNICALS
SP500 Financials (XLF) : In a Bad Mood ? 
​ January 26 ​( From Tradingview, Stockcharts  )
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​​The Situation

​

​​​​​​The XLF ETF tested and broke on ​December 8 2015 ​on the downside 
​the ​200 DMA ​( Day Moving ​Average ) then at 24.28.
​​​( See 1st chart below - Green Line 200 DMA )​

​​SP500 ​Financials (XLF ETF)​ broke on January 12 a Major Support ​
​Trendline then at 22.10 that started back on October 15 2014. ​ ​​
​( 1rst chart below - Grey Trendline )​
​
​And very few of us realize that the SP500 Financials ​( XLF ETF ) is 
​now below​ the low made back on October 15 2014 then at 21.55.​
​( 1rst chart below - Orange Trendline )​
​
​​​​​But what bring all my attention is that the Sentiment Index on Financials ( SP500 Financial Sector Bullish % Index ) reached a level not seen since October 10 2011.  We can say that Financials are in a Bad Mood... ​
​( See Third Chart Below - Ellipses )​ 

But the most interesting Technical Factor for me, is that the Financials are underperforming badly the Mighty SP500 Index ( Ratio of XLF ETF over SPY ETF ) since November 5 2015.  But it did not stop there as it broke a Major Support Trendline on a Relative basis on January 15 2016 that started back since January 22 2013!
( See 2nd chart below - Grey Trendline - Ellipse )​
​
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SP500 Financials (XLF) : In a Bad Mood ?  $SPY, $XLF
  #Trading #Investing  #xlf #SP500




RATIO

SP500 Financial Sector (XLF)

over SP500 Index (SPYETF) 
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​









​SP500 Financial Sector (XLF) 
​20 DMA ( Day Moving Average - Yellow Line )​
50 DMA ( Day Moving Average - Red Line )​​
200 DMA ( Day Moving Average - Green Line )​


Financialiceberg.Com


Financialiceberg.Com



​SP500 Financial Sector Bullish % Index 
​7 DMA ( Blue Line )