Financials may be ready to rotate

Looking at the financial sector, there appears to be a possible rotation back in to the recently poorly performing group. Remember that the sector rotation layout I'm using is not showing anything other then a sector's "Relative Strength" vs. the S&P. Therefore it would be possible to see the sector actually decline, but still show stronger relative strength then the S&P. In any case, this appears to possibly be a short term move in financials, perhaps it may have something to do with options expiration and pinning the Puts as has been discussed this week.

 Here the XLF (Financials) look like they have found some short term support.

 FAS-the leveraged Bull Financials 3X ETF is showing a small 3 day base like formation with the breakout level around $25.50

 Here FAZ, Financial Bear 3x ETF shows what appears to be a short term top or correction ready to take place.

Financials in dark green at the bottom have performed poorly on this daily chart, buy the last 3 days, they appear to be starting a new sector rotation, this may be short lived, but it does appear to be taking place.