Fed leaves Rates Unchanged; Traders Expect Rate Hike In June

The Federal Reserve left rates unchanged yesterday, but many expect a rate hike to come in June. The financial industry will continue to benefit in a raising rate environment, and many names within the industry are starting to turn back up.

If we take a look at the $XLF, the ETF that tracks the financial industry, the bulls are fighting for control of the 50 day moving average, as it has bumped its head the last two times. That may change soon, even as early as today, as many names within the industry look ready to move higher:

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Let’s see if the financials can get going today. Here are some individual names within the industry to watch here:

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I’ll be looking to trade a few financials inside our Exodus trading room, I may even keep thing simple and ride the $FAS for a few days. Developing…