XLF looking pretty good , needs to break $24...a HUGE print went off on one of its major holdings
JPM, 2 million shares at $97.82 ( a modest $195,640,000...)
there was also action on WFC. prints of 1.4 million shares @ $24,03 and 984,000 shares @ $23.62
note ; on a 1 yr regression channel of qqq/acwi (the whole world) , the qqq's are 2 standard deviations from normal price action on the high side . Not very stable. So unless a 'new normal ' is going to form, its very expensive and likely to not outperfom . The SPY is WAY WAY cheaper-its on the other side of the regression channel ; spy/acwi. It's just boucing off being 2-standard devations from the low side of normal price action vs acwi