Despite last week's rotation into treasuries after the Fed announcement pushed down interest rates, the Financials Sector (which benefits from a rising interest rate environment) has inched its way to the top of the Chaikin Sector Power Bar rankings, putting an end to Healthcare's months long reign at the top. When we take a deeper dive into the sub-sector ETF rankings (many more than we're showing below), we see 2 of the 3 top ranked sub-sectors are Insurance (KIE) and Major Banks (KBE), the underlying stocks of which make up a sizeable portion of the XLF.
When we drill down into Major Bank stocks, we find ranked near the top of the stack and giving an Money Flow Buy signal today is Northern Trust (NTRS)
When we take a closer look at the stock metrics, we notice a personality change that took place about a month back, where, as the Power Gauge transitioned into the green, the market agreed with bullish trend and the stock's relative strength vs. the market increased steadily along with Money Flow.
NTRS is already in our portfolio but is illustrative of both the top down analysis capability provided by Chaikin Analytics and our own decision-makign process when selecting a stock for investment.
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