Backing out the fact that the interest rate backdrop will always be in play with the Financials, taking the chart of XLF at face value we have a breakout in progress. It is not official (i.e. it could well be a whipsaw) but if it clears and holds this resistance zone XLF would be yet another sector targeting its January highs. Informally, the 28 area can be used as a mental stop loss on that scenario.

Personally, I am going to take a position and remain aware of that general area and also long-term yields.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason), which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.