Tentatively higher from an earlier low of $32.39, Financial Select Sector SPDR Fund is up to $32.84 today, adding 22.5 cents, or 0.69%, to yesterday's closing price of $32.62.
- United States's Consumer Confidence new data released of 102.5 below its previous figure.
- Today's gains are adding to Financial Select Sector SPDR Fund's a 3 day bullish trend, during which it gained a total of $1.36.
United States Consumer Confidence published today at 14:00 UTC came out at 102.5, falling short of the 106.5 projections and continuing its decline from the previous 107.8 figure. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Aug) came out at 13.1, while a consensus of analysts was expecting 14.4.
Financial Select Sector SPDR Fund made an initial breakout above its 50 day Simple Moving Average at $32.69, a potential indicator of a newly emerging bullish phase. On the other hand, note that Financial Select Sector SPDR Fund reversed direction at $32.83 resistance zone and retreated back 1 cents below it. Bollinger Band® analysis indicates that current price action is approaching the upper band at $32.98, thereby suggesting that Financial Select Sector SPDR Fund is becoming overvalued.
According to technical analysis, it looks as if Financial Select Sector SPDR Fund likely to continue pointing upward in the short term.
United States Crude Oil Inventories is projected to outperform its last figure with 200,000, having previously been at -1.73 million. The figure will be published tomorrow at 14:30 UTC. United States New Home Sales (Sep) is expected tomorrow at 14:00 UTC.
Having closed the previous session at $43.32, iShares Core Total USD Bond Market ETF is up 1.03% today to currently trade at around $43.77. IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% to trade around $25.35. IShares MBS ETF is up 1.22%.
Having set a significant low of $30.29 13 days ago, Financial Select Sector SPDR Fund is trading 7.69% higher.