I’m selling XLF today.
As of mid-day, it is still the sector leader of my list of 10-sectors,
but since there is a pullback of some kind indicated in the near future and
there seems to be selling in XLF, I am selling too. The yield on XLF is not compelling (yet) and
I am holding it in my trading portfolio, so I’d prefer to sell at a profit
rather than take the risk of a loss by holding it further. XLU (Utilities) continue to do well so it
looks like the Pros think a pullback is coming too.
