While the Fed’s Bank Term Funding Program (BTFP) has been a key factor in supporting bank equity, the rapid rise in US Treasury bond yields is a concern, and so is the exposure to Commercial Real Estate (CRE). We can see CRE benchmarks rolling over of late and heading lower and this is keeping investors from buying into regionals. One for the radar, but if we see...
KRE has been showing some relative weakness recently especially off the 45 handle. Thee list of weak regional stocks. EWBC, PNFP, FHB, BPOP and more are looking weak so we'll see if this weakness continues. Best of luck traders..
Like regional banks short here for a trade. Stop above the 50 sma. Looking for a breakdown below AVWAP from the high volume breakdown in March. This level is also volume POC for the consolidation since March so I'll look to exit quickly if it doesn't break down how I think it should. Looking for $39s.
While tracking regional banks KRE had a bad time in the spring with the
small and regional bank failures/rescues and the federal actions to buttress the faith of
citizens in them. There have been no runs on the banks. Larger banks may be taken
some business from small banks saddled with securities with diminished
value due to rising interest rates and the...
Technical Analysis for AMEX:KRE Testing Double Top and 150 day moving average.
Banks are nearing a resistance level. The KBW Bank Index (BKX) and the SPDR S&P Regional Banking ETF (KRE) have both been on a strong upward trend in recent weeks, but they are now approaching their respective 150-day moving averages. These moving averages are important technical...
The chart has printed a decent inverted head and shoulders pattern.
A successful breakout targets the down sloping 200dma around $50 then R55 for a measured move.
An inverted head and shoulders pattern is a common chart pattern in technical analysis that signals an upcoming bullish trend after a period of a bearish trend or consolidation. The pattern is formed...
More evidence that U.S. stocks could soon begin a significant drop lower comes from the Regional Bank - ETF (KRE).
KRE made a new bear market low on 05/04/23 and has recently rallied to just below a Fibonacci .236 retracement of its 2022 to 2023 bear move.
Daily RSI and MACD have bear crosses.
KRE has a very good chance of dropping back to the 05/04/23 bear...
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...
KRE the regional bank ETF is down about 50 % YTD, with a couple of bank failures leading the
way. The question that arises is whether there is more downside. Faith and trust in the
the banking system is at risk. The big banks came in their rescue on First Republic. A run on
the little banks can hurt the big banks even Goldman Sacks. Holding...
Zoom in and you will see that Regional Banks have closed several times now below this critical trend line. If the Fed fails to save them, deflationary recession/depression it is. I am banking on a Fed save. The Fed always protects it's own. Therefore, blow-off top incoming. Followed by hyper-inflationary recession/depression next year.
Should be a show.
Stew
KRE has provided some of the most technically-sound short opportunities in recent memory, but it is approaching major support at which point the probabilities flip to the long-side (with disciplined risk management). Expect some choppy price action, but remain patient for one last leg down and a very promising long opportunity
Let's make a sincere attempt to understand and address the "banking crisis". For those who have lost money, it's a true crisis. However, for those who have not yet lost money, it represents a necessary purification of the regional banking system.
Looking at the charts, it was evident well before the crisis occurred that a clear head and shoulders pattern had...
