The financials sector looks as though its finally started to catch up with the overall stock market. This is a daily GoNoGo chart of XLF.
You can see that it has had a much longer, more drawn out recovery than most of the S&P sectors and has still yet to make up more than about half the fall.
Compare that to the tech sector which is right back, close to the highs of February.
The GoNoGo chart reflects this, with the GoNoGo Trend indicator flagging a “Go” most recently on May 26th. The GoNoGo Oscillator is also now strongly positive and has been for several bars.
You can see that it has had a much longer, more drawn out recovery than most of the S&P sectors and has still yet to make up more than about half the fall.
Compare that to the tech sector which is right back, close to the highs of February.
The GoNoGo chart reflects this, with the GoNoGo Trend indicator flagging a “Go” most recently on May 26th. The GoNoGo Oscillator is also now strongly positive and has been for several bars.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.