A quick look at yesterday: Financial Select Sector SPDR Fund slid down from $35.44 to $35.27, taking a 17 cents loss (0.48%)
United States Building Permits (Oct) is next today at 13:30 UTC.
Highly important Crude Oil Inventories data from United States beat analyst expectations of -440,000 with a reading of -5.4 million.
On the flip side, United States Core Retail Sales improved upon its previous reading of 0.1% with a new data release of 1.3%. Highly important Retail Sales data from United States beat analyst expectations of 1% with a reading of 1.3%.
Financial Select Sector SPDR Fund chart analysis: Financial Select Sector SPDR Fund could begin to recover as it approaches significant support, now 22 cents away from $35.05. Dipping below could be an indication that further losses are ahead. Trend and momentum analysis indicates that Financial Select Sector SPDR Fund made an initial break below its 5 day Simple Moving Average at $35.22, a possible indication of a forthcoming negative trend.
All in all, the technical analysis suggests Financial Select Sector SPDR Fund has no clear-cut direction.
Other assets are showing positive performances as Vanguard Tax-Exempt Bond Index Fund ETF Shares shoots up 0.78% yesterday and closed at $48.7. Vanguard Mortgage-Backed Securities Index Fund ETF Shares is trading around $45.75 after ending yesterday's session at $45.47 (up 0.62% today).
In the meantime, a flat day for iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF, closing at $25.35.
Furthermore, United States Philadelphia Fed Manufacturing Index (Nov) is scheduled for today at 13:30 UTC. United States Existing Home Sales (Oct) is expected tomorrow at 15:00 UTC. United States Building Permits (Oct) scheduled to come out today at 13:30 UTC.
The fund has been trending positively for about a month. Financial Select Sector SPDR Fund hit a significant low of $30.29 around a month ago, but has since recovered 17%.