IAI Outperforming S&P Financials ETF (XLF) - but IAI vs. SPY is still a ways away from being interpreted as bullish IMO
This is one of the chart levels on our bull market checklist for premium subscribers. If B/D's & Exchanges remain below 57, we can't be long the space. This has been the strongest industry within Financials. If they lose leadership, look out below $XLF $IAI
iShares U.S. Broker-Dealers as a market barometer ... looking for divergence between iai etf and spx index
it is weaker than $SPY and financials $XLF