Financials have underperformed the broad market for almost 2 years!  If history is any guide, for the broad market to move higher the financials need to be along for the ride.  Of late short-term falling resistance lines have been broken in the financial arena, with is a positive for this sector.  Longer-term lines do remain a few percent above current prices. 

In the past PFF has been a decent indicator to whether financials are really on board and ready to move higher.  Keep a near term focus on PFF’s price action up against a key falling resistance lines. 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past