Chart of the Day - Tuesday, February 18, 2025

🏆 Today's Chart of the Day was shared by Jason Perz (@JasonP138). 
 

• The European Financial ETF (($EUFN) broke out to an all-time high today for the first time in over a decade after clearing its 2014 peak. It's up +15.9% YTD, while the S&P 500 is up +4.2%. 
   
• European Financials have been a serial underperformer since the Great Financial Crisis. After several failed attempts to clear $26, $EUFN is finally emerging from a massive base that dates back to its inception.
   
• The top five holdings in $EUFN are HSBC Holdings ($HSBA), Allianz SE ($ALZ), UBS Group ($UBS), Banco Santander ($SAN), and Zurich Insurance Group ($ZURN). 
   

The Takeaway: The European Financials ($EUFN) ETF achieved its first all-time high since 2014 today. It's breaking out of a massive base, and the risk is to the upside if it's above $26.