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Financials tend to keep climbing after summer gains
"Financials tend to keep Climbing after summer gains"
in the news Financials tend to keep climbing after summer gains? What this all about..... See below.
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Now do not hold us to this, and it does not happen every year, however According to some of our more clustered data, after financials gain at least 5% in the summer the sector tends to keep climbing up. Again we are currently in a DOWN CHANNEL on the XLF or financial sector charts. But this would be a strong little gem to put on your watch list.
You have to realise this sector is hot on the lips of most market managers as it could perform very well if the banks see fed rates rise soon.
This is quite interesting. Here is the chart :-
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