XLF closed at $32.27 after losing 0.22% today

A quick look at today: Financial Select Sector SPDR Fund dipped as low as $32.19 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session ($32.5) with Financial Select Sector SPDR Fund closing the day at $32.27.

Financial Select Sector SPDR Fund is currently trading at $32.27 following the release of FOMC Meeting Minutes data from the United States.

Nonetheless, encouraging indicators for Financial Select Sector SPDR Fund published earlier when United States Crude Oil Inventories beat the -583,000 projections, with 597,000.

Meanwhile, United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. United States Consumer Price Index came out at 5%, while a consensus of analysts was expecting 5.2%.

Trend-following investors would be interested to note that investors are seeking long positions as Financial Select Sector SPDR Fund price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that Financial Select Sector SPDR Fund's upper Bollinger Band® is at $32.66 which indicates a further downward move may follow. Technical analysis shows that although Financial Select Sector SPDR Fund is pointing down today (was as low as $32.19), it's climbing away from the $32.08 support line and is now 19 cents above it.

Notwithstanding Financial Select Sector SPDR Fund's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

In the meantime, negative performances are also seen in other markets, Alibaba crashes 5.93% today and closed at $99.76. Walt Disney drops 2.47% today and closed at $100.42.

Positive performances can be seen by looking at other markets as Novo Nordisk soars 3.25% today and closed at $158.37.

Looking ahead, ongoing depreciation may be prolonged as tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 232,000 from the preceding figure of 228,000.

Some optimism can drawn from the fact that United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC.

The fund has been trending lower for about 2 months. Financial Select Sector SPDR Fund is now trading 9.61% below its 3-month high of $37.88.