Financial Select Sector SPDR Fund (XLF) - 10th November 2023 | @ 79 Days | - 1.63%

Last trade: - 1.63% | 'B' class signal detected in Financial Select Sector SPDR Fund (XLF) . Average wavelength of 79 days over 13 completed sample iterations since March 2021. Currently troughing.

Instrument Summary

The Financial Select Sector SPDR Fund (XLF) is an exchange-traded fund (ETF) that tracks the performance of companies within the financial sector of the S&P 500 Index. It includes a diverse range of financial firms such as banks, insurance companies, and investment firms. Investors can use XLF to gain exposure to the overall health and trends of the financial industry.

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ΣL Cycle Summary

In line with the general US stock market phasing is the component around 79 days in this finance focused ETF. Moving off the most recent low earlier than anticipated and with a lot of vigour it may be advisable to wait for a pullback from a shorter periodic component to enter into a long. The cycle peak of this component (~ 79 days) is due early December.

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Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Sell - XLF 9th October 2023
Entry: 9th October 2023 @ 33.06
Exit: 10th November 2023 @ 33.60
Gain: - 1.63%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 79.28 Days
Completed Iterations: 13
Component Yield Over Sample: 113.72% - learn more

Time Frequency Analysis