Double Indemnity When This Rotation Occurs

In addition to financials and small caps stealing headlines for being rotation beneficiaries this week, the often overlooked insurers in the KIE sector ETF are threatening to benefit as well.

On the KIE daily chart, below, now how quiet the insurers have been as a group since March. A push above $88 now should trigger a breakout. And looking at some of the individual components of the KIE, we see some stealth moves which have dazzled.

I will gauge if the insurers move higher with banks beyond the FOMC next week, which should surely put both sectors to the test in terms of rates--Both bank and insurers typically fare better in a higher rate environment, at least that is the initial knee-jerk reaction. 

Elsewhere, the NVDA runaway momentum is catching plenty of attention from momentum traders. But the likes of BBRY may also be worth a look (and is far less extended to the upside here).