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tsippi100
Jan 20, 2020 8:00 AM

Long on KBE Long

SPDR S&P Bank ETFArca

Description

WHY KBE? KBE- tracks an equal-weighted index of US banking stocks. Meaning, The big boys (Banks) and the smaller ones gets an equal -weight.
With small cap (IWM) leading the major index last week and the finance sector (XLF) being under the radar with good earnings, we might c a major breakout 2 the whole finance sector.
In the technical point of view' i identify one of my favourite pattern , The ascending triangle.
With that said, We might c KBE gets the upside i am waiting 4.


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