After five days of going down, Financial Select Sector SPDR Fund is up 33 cents Friday

A quick look at Friday: Financial Select Sector SPDR Fund rose 33 cents to close at $32.13 Friday which makes for a move of 1.04%.

Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Momentum evaluation shows that the Relative Strength Index indicates Financial Select Sector SPDR Fund is in an oversold condition, which could precipitate a reversal and set up a new bullish phase. Asset volatility analysis shows that Financial Select Sector SPDR Fund's lower Bollinger Band® is at $32.33, indicating that the market is oversold and fertile for new buyers.

All in all, the technical analysis suggests Financial Select Sector SPDR Fund has no clear-cut direction.

Financial Select Sector SPDR Fund shows positive signs, other assets are also on par: notably, Tesla rose 6.24% Friday and closed at $195.28. Lowe's added 3.8% and closed around $192.65 Friday. Home Depot went up by 3.42% Friday, and closed at $295.12.