XLF – Page 2 – Beyond the Chart

Will This Change Help the Financials?

Today the focus is on State Street Global Advisors (SSGA)’ Financial Select Sector SPDR Fund (XLF). This ETF is usually either the number 2 or number 3 most actively traded non-index ETF. 3 month average daily volume of a little over 40 million shares.

Sector Changes

In June S&P Dow Jones Indices and MSCI, Inc. announced they were modifying the S&P sectors to remove real estate from the financials (except mortgage REITS) and create a new S&P real estate sector.

So in order to continue accurately tracking the sectors, SSGA announced they were removing real estate holdings from the XLF and creating a new ETF called the The Real Estate Select Sector SPDR Fund (XLRE).

Special Dividend

Removing real estate from the Financials will take place after the close on September 16. XLF will issue a special dividend to its shareholders as part of this adjustment. Ex-dividend date is September 19. The dividend will be in the form of shares of the new XLRE fund.

So going forward starting September 17, XLF will include securities of diversified financial services, insurance, banks, capital markets, consumer finance, thrifts and mortgage finance, and mortgage real estate investment trusts (REITs).

The chart of XLF is discussed in the brief market wrap video shown below. The three largest holdings in XLF are Berkshire Hathaway Inc. Class B, at 9.18%, JP Morgan Chase & Co. at 8.01% and Wells Fargo & Company at 7.59%. Continue reading

0 What Does Every Trader Need to be Successful?

trader

In this post I’m going to talk about 5 things that every trader needs to be successful. The list is not mine, I’ll talk about that in a second, but the discussion of those 5 things are my thoughts. Continue reading

0 Don’t Tinker with Trading

tinker When used as a verb, tinker has the following definition: attempt to repair or improve something in a casual or desultory way, often to no useful effect.

When I was younger I would have several successful trades or weeks, then get hit by a big loss or several losses and I would immediately start to tinker with my trade setups and indicators.

This of course immediately messes with your head and doesn’t help. I was reminded of this as I watched golf this weekend. Continue reading

0 Here We Go Again

all-time high Jobs, jobs and more jobs. On Friday the jobs report exceeded expectations so the market exploded higher. This was just the opposite of what happened in June. You do have to wonder what the heck is going on.

And the number is…

Did someone in the Labor Department leave out something in June? Did they add it back in for July? Who knows. All I know is that the stock market went up and the SPX now sits a whisker away from an all-time high. The DJIA is a little further away and the NYSE Composite is even further away. Continue reading

0 Signs the Bulls are Stumbling

In this video I see some signs that the bulls are stumbling. I look at the Dow Jones Industrial Average (DJIA) and the Russell 2000 (RUT) daily and weekly charts.
I then see what’s happening with the VIX and 3 key ETFS.

In focus today are the S&P BioTech ETF (XBI), Valeant Pharmaceuticals (VRX) and Goldman Sachs (GS). This video is an abbreviated version of what I provide to my Insider Members.

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