XLE and XLB

Maybe I am late to the party, but I am beginning to think that perhaps XLF is done as a short. XLE and XLB are the real stinkers at the short party lately.

Time will tell, but XLF is showing remarkable strength. The fundamentals do not support it yet, but the charts do - at least so far.

It is not necessarily time to run out and short XLE and XLB at this level. But it is something to keep on the radar.