Friday at a glance: Financial Select Sector SPDR Fund went up to $33.91 Friday, gaining 1.83%.
Financial Select Sector SPDR Fund made an initial breakout above its 5 day Simple Moving Average at $33.84, a potential indicator of a newly emerging bullish phase. In contrast, Financial Select Sector SPDR Fund could be slowing down soon; it is getting close to the resistance line and is now at $34.19, only 28 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Financial Select Sector SPDR Fund might continue pointing upwards in the short term.
Other markets are also showing gains as Direxion Daily FTSE China Bull 3X Shares went up by 22.96% Friday, and closed at $28.76. IShares MSCI China ETF is trading around $40.69 after ending Friday's session at $37.93 (up 7.28% today).
In the meantime, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% Friday and closed at $25.36.
Furthermore, the market is looking at United States EIA Short-Term Energy Outlook scheduled to come out tomorrow at 17:00 UTC.
Having set a significant low of $30.29 26 days ago, Financial Select Sector SPDR Fund is trading 9.94% higher.