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Monday, June 19, 2017 2:53:58 PM
XLK is Poised for an Upside Thrust
By MPTrader | June 19, 2017
The multi-month decline in 10-year YIELD—a flattening Yield Curve—has not negatively impacted the Financial Select Sector SPDR Fund (XLF) in quite the perverse way most analysts had expected.
In fact, XLF has cobbled together an impressive accumulation formation during the March-June deterioration of longer-term yield.
The 64,000-dollar questions is whether or not the relative strength of the Financial's (XLK) is anticipating reasons for longer-term YIELD to pivot to the upside, thereby supporting stronger earnings and net-interest margins in the banking sector?
My work hints that YIELD is nearing a significant multi-month corrective turn in the 2.10% area, ahead of the upside continuation of the July 2016 to Dec 2016 advance from 1.32% to 2.64%.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By MPTrader | June 19, 2017
The multi-month decline in 10-year YIELD—a flattening Yield Curve—has not negatively impacted the Financial Select Sector SPDR Fund (XLF) in quite the perverse way most analysts had expected.
In fact, XLF has cobbled together an impressive accumulation formation during the March-June deterioration of longer-term yield.
The 64,000-dollar questions is whether or not the relative strength of the Financial's (XLK) is anticipating reasons for longer-term YIELD to pivot to the upside, thereby supporting stronger earnings and net-interest margins in the banking sector?
My work hints that YIELD is nearing a significant multi-month corrective turn in the 2.10% area, ahead of the upside continuation of the July 2016 to Dec 2016 advance from 1.32% to 2.64%.
https://www.mptrader.com/middayminute/
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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