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.

JPMorgan  (JPM) ($62.96) set its all-time intraday high at $63.16 on Dec. 8 then stayed above its 200-day simple moving average at $58.18 on weakness into Dec. 16. The stock has a year-to-date gain of 7.7% as a drag on the finance sector. JP Morgan had a minor momentum run-up of 8.3% from a low of $58.11 on Oct. 16 to a secondary high at $62.97 set on Dec. 23. The weekly chart is positive but overbought with its key weekly moving average at $61.06.

Wells Fargo  (WFC) ($55.71) set its all-time intraday high at $55.74 on Dec. 24 and has been above its 200-day simple moving average since Oct. 21 when the average was $49.60. The stock has a year-to-date gain of 22.8% outperforming the finance ETF. Wells Fargo had a strong momentum run-up of 20% from a low of $46.44 on Oct. 15 to the all-time high set on Dec. 24. The weekly chart is positive but overbought with its key weekly moving average at $53.95.

Here's the daily chart for the Finance Sector SPDR.

Courtesy of MetaStock Xenith

The daily chart for the finance sector ETF ($25) shows that this exchange-traded fund entered 2014 well above its 200-day simple moving average (green line) then at $20.01. This ETF dipped below its 200-day SMA between Oct. 15 and Oct.21 when it was $22.36.

The finance ETF slipped 9.8% from $23.88 on Sept. 19 to as low as $21.55 into Oct. 15 then rebounded 16% to the multiyear intraday high set at $25.08 on Dec. 23.

Here's the weekly chart for Finance Sector SPDR.

Courtesy of MetaStock Xenith

The weekly chart for the finance sector ETF clearly shows this exchange-traded fund has been above its 200-week simple moving average (green line) since June 2012 with this average now at $18.03.

The weekly chart is positive but overbought with its key weekly moving average at $24.31. The momentum reading shown at the bottom of the graph in red is above the 80.00 overbought threshold at 87.82.

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TheStreet Ratings team rates CITIGROUP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate CITIGROUP INC (C) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: C Ratings Report

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

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