Finnies Swimming Downstream:   

The overall group via the XLF has been stuck well into the bottom half of the major S&P sector rankings being either the 8th out of 9th best actor of 11 over the last one week, one month, and three-month timeframes. On a YTD basis, it is still among the top 4 however up almost 9%. One has to remember that the top holding in the ETF in BRK/B is still failing to make any headway after the January-February uptrend. It has been making lower highs since the bearish engulfing candle on 2/26 and made 2 more of them and a bearish evening star pattern each making a lower high. JPM, the second-largest holding, has seen its share of selling although it has been very quick in comparison to BRK/B, but outsized losses of 6.5% on 4/12 and 4% on 5/20 are not the norm for this name. It does not seem very comfortable around the very round 200 number, and I would remain wary until it is cleared then a potential double-bottom base comes into play. Its cooperation would go a long way for the whole sector but as always wait for PRICE to confirm. 

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