Thanks to @TORNADOF5 for reminding me about this.
A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE.
As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't...
KBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy
signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by
the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back
into the high-volume area and bounced. It has recovered from a VWAP band...
Looking at KRE during the final hour of trade this morning on the US markets, KRE represents a potential bearish opportunity should momentum continue and lower highs and lower lows be made past the current position, considering breach of recent support levels aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the high of...
Traders,
For the second time this year, regional banks are threatening to cross on over an essential support that has carried us through this secular bull market for 14 (going on 15) years! If our support breaks, I fear that regional banks could drag everything else down with it. Remember, it is regional banks that hold the loans for much of commercial real...
KRE Regional Banking ETF
We are currently at oversold levels that offered good historic returns even if we only rise 15% to TASE:TASECTORBALANCE (Dec 2018 low) before moving lower.
Given the evolving Banking Crisis we could we revisit the bottom of the long term channel by EOY. This would be a great opportunity.
Throwback to TASE:TASECTORBALANCE dollars...
📝The KBW NASDAQ REGIONAL BANKING INDEX is a stock index composed of regional US banks operating in one or several geographic regions of the country. These banks tend to be smaller in size than the large national banks, and generally offer banking services to businesses and individuals in their areas of operation.
Index performance is affected by a number of...
