Trading Alert: The Financial Select Sector SPDR (XLF)

U.S. Financial stocks have taken huge hits these past months and at some point the Financial Select Sector SPDR (ETF) (NYSE:XLF) may be worth consideration, sooner than later.

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Over the past 12 months Financial Select Sector SPDR (XLF) shares have traded between $13.29 and its 52-week high of $17.12.  The XLF has managed to creep up 8.66% from its 52-week low and at least one blogger believes it deserves attention:

http://gicharts.blogspot.com -- Bullish pattern in financial ETF (XLF)

Financial Select Sector SPDR ETF (XLF) chart analysis ;
1) Notice how prior to that break out from the red trend line, price had wild "swings".
2) After the break out, XLF started to have less volatility, ending up in a tight channel, getting ready to break out on the upside (see light green arrow scenario)

SOURCE: http://gicharts.blogspot.com/2010/10/bullish-pattern-in-financial-etf-xlf.html

More about the XLF:
Financial Select Sector SPDR Fund (the Fund) seeks to provide investment results that correspond to the price and yield performance of the Financial Select Sector of the S&P 500 Index (the Index). The Index includes companies from industries, such as diversified financial services, insurance, commercial banks, capital markets, real estate investment trusts (REITs), consumer finance, thrifts and mortgage finance, and real estate management and development. The Fund utilizes a passive or indexing investment approach to attempt to approximate the investment performance of the Index. The Fund’s investment advisor is SSgA Funds Management, Inc.