NEW YORK (TheStreet) -- The Finance Select Sector SPDR Fund (XLF) consists of 83 companies including four components of the Dow Jones Industrial Average. This exchange-traded fund has a year-to-date gain of 14% outperforming Dow 30 and S&P 500 and their gains of 8.9% and 13%, respectively. The Dow 30 and S&P 500 set all-time intraday highs on Friday at 18103 and 2092.7, respectively.
The focus today is on the four "too big to fail" money center banks, not on the four components of the Dow 30.
The daily and weekly charts for the finance sector ETF follows.
Former Dow component Bank of America (BAC) ($18.11) set a multiyear intraday high at $18.10 on Christmas Eve helping the finance ETF set its multiyear high at $25.08 the day before. Bank of America has a year-to-date gain of 16.3% outperforming both the Dow 30 and S&P 500. Bank of America had a strong momentum run-up of 17% from a low of $15.43 on Oct. 15 to the multiyear high set on Dec. 24. The weekly chart is positive but overbought with its key weekly moving average at $17.35.
Citigroup (C) ($54.73) set a multiyear intraday high at $56.95 on Dec. 8 then slipped 10% to as low as $51.11 into Dec.17. The stock has a year-to-date gain of just 5% so it's lagging both the Dow 30 and S&P 500. Citigroup had a strong momentum run-up of 18% from a low of $48.11 on Oct.15 to the multiyear high set on Dec. 8. The weekly chart shifts to negative with a close this week below its key weekly moving average at $53.76.