I’m watching the financials here as many names within the sector are beginning to pop up on my screens. The rate hike for December almost feels certain at this point, which should benefit many of the names within the industry.
Looking at the XLF, the financial ETF, a move above 24.55 should trigger a breakout. Keep an eye on the group here.
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Financials take over today’s industry list:
RC, what are your favorite regional banks to play in anticipation of a December hike?
Don’t have a favorite there at the moment. But, I do like COF & BBD