KBWB 2H 2023, 1D Chart Nasty head and shoulders on the KBWB bank ETF.
This is contradictory to all soft landing narratives. Support broken, heading toward the red zone.
Key stats
About Invesco KBW Bank ETF
Expense ratio
0.35%
Home page
Inception date
Nov 1, 2011
ISIN
US46138E6288
KBWB provides good exposure to the broad US banking market. Its portfolio includes large national money centers, regional banks and thrift institutions that are traded in the US. An index committee determines the funds holdings, while attempting to maintain a market-like exposure. KBWB uses a capped, modified market-cap-weighting strategy that comes close to matching the top-heavy nature of the segment. By industry, the fund strays a bit by including investment management & fund operators, and firms from other industries. Still, KBWB is a nice proxy for the broad industry. The index is rebalanced and reconstituted on a quarterly basis.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
When Fear Reigns Banking Majors GainIn times of crisis, investors rush to safety. When risk shows in places of safety, bank runs begin. One's pain is someone else's gain. Silicon Valley Bank (SVB) & Signature Banks' combined assets at $300 billion is witnessing a flight to safety.
At $300 billion, it is trivial relative to $23 tr
KBWB ShortMost likely now the prices are in the final fifth wave of the downward movement.
The first downside target is 50.90. The final target is 45.60
$KBWB "Bottom Triangle" chart pattern formed on Invesco KBW Bank ETF (KBWB:NASDAQ). This bullish signal indicates that the stock price may rise from the close of $40.89 to the range of $57.00 - $61.00. The pattern formed over 119 days which is roughly the period of time in which the target price range ma
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