— David Keller, CMT (@DKellerCMT) November 26, 2019
Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a daily bar chart of the Financial sector ETF, $XLF, over the past two years. The top three holdings in this ETF include; Berkshire Hathaway ($BRK.B), JP Morgan Chase ($JPM), and Bank of America ($BAC). $XLF is currently breaking out of a massive two-year base. Chart setups like this one, where price breaks out of a long-term base, are often followed by impressive rallies. David explains that it’s hard to be bearish on the broader market right now when vital sectors, like Financials, are breaking out like this.