Today's move in the banks is particularly impressive. S&P Banks index is higher by 2.3% and we're seeing Triangle breakouts by the Equal-weighted Financials ETF (RYF) This is very important and positive to the US Stock market in the short run and stocks like DFS -0.57%  COF -0.43%  SYF -1.56%  and MTB 0.13%  are all making really significant gains today, technically speaking. Financials and Discretionary are the two top performing sectors today, but its the banks that are a standout and the economic strength coinciding with rates rising has been helpful to this sector today. Today's move puts Financials in the spotlight for the weeks ahead, and i expect some good relative strength out of this sector. Financials as a sector remains a Technical overweight.