IntercontinentalExchange: Strong Through the Sell-Off

I’ve been looking to diversify fund holdings away from the “tech centric” exposure I’ve had the past few months. There are some interesting banks in the financial space – especially PNC Financial (PNC) and some smaller regionals – but for now I am going to go with IntercontinentalExchange (ICE), which is essentially a clearinghouse for transactions. I don’t think I’ve had it in the portfolio since 2007, but as I look through various charts it is exhibiting excellent relative strength and barely batted an eye in the selloff last week.

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