Bespoke Investment Group highlighted in their website that the financials are up for 9 consecutive days:
"The S&P 500 Financial sector rose once again today, making it nine up days in a row for a total rally of 6%. Since 1990, there have only been two other periods where the sector rallied for nine straight days. In each of those prior periods, the streak ended at nine days. In 1995, the index followed up the nine-day winning streak with a six-day losing streak, while in 1997, the sector declined in four out of the next six trading days." in Bespoke
Odds favor a short play in Financial Select Sector SPDR (ETF) (Public, NYSE:XLF) or in Direxion Daily Finan. Bull 3X Shs(ETF) (Public, NYSE:FAS) the leveraged financials ETF.
Some of the stocks that have rallied the most on the sector are SunTrust Banks, Inc. (Public, NYSE:STI) up 16% in the last 10 days, followed by Huntington Bancshares Incorporated (Public, NASDAQ:HBAN) up 9%. The big banks, Citigroup Inc. (Public, NYSE:C), Goldman Sachs Group, Inc. (Public, NYSE:GS), JPMorgan Chase & Co. (Public, NYSE:JPM), Bank of America Corporation (Public, NYSE:BAC) and Wells Fargo & Company (Public, NYSE:WFC) are all up between 7 and 8 percent during the last 10 days.
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