Score 9.5 (out of 10): FINANCIAL SELECT SECTOR SPDR poised to seasonally rally by +5.2% during the month of July

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What’s Going On Here?

FINANCIAL SELECT SECTOR SPDR indicates an interesting seasonal (monthly for July) set up. During similar occasions, FINANCIAL SELECT SECTOR SPDR shares had a median return of +5.2%, over the following 1 month – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for FINANCIAL SELECT SECTOR SPDR received a high score of 9.5 (out of 10). This insight was generated with last price of 32.8.

FINANCIAL SELECT SECTOR SPDR is in the Financial Services sector.  Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: XLF US.

Previous Signal Returns:

4.9% (July-2022), 5.4% (July-2021), 5.2% (July-2020), 2.4% (July-2019), 2.6% (July-2018), 7.4% (July-2017), 0.2% (July-2016), 6.2% (July-2015), 7.7% (July-2014)

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 34.51 (+5.2%) has been reached. Based on FINANCIAL SELECT SECTOR SPDR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 32.1 (last price at 32.8), which is equivalent to a -2.1% decline.

Historical Chart:

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