bullish the regionalslooking for a nice bounce in the banks next week.. June 11th $71 calls 🤙🏽Longby QUANDRANTS2
KRE - Long on positive market conditions, risk 5%Financial sector looks pretty good, showing relative strength, despite choppy market. Nice wedge breakout on heavy volume, with excellent mirror support level retest. We are looking for 71.30 level breakout. SL 67.80Longby TraderEugene_1
KRE call credit spread Apr 16 expiryKRE call credit spread - back logging entry, not at expiry yet At likely channel high resistance Driving in hard rally The center line is well respected Likely a -2 to +2 sigma move and then roll over Danger is rally expansion after a consolidation so need short strike to be as high as possible Aggressive sellers above in DBD supply zone Short strike at 70 is at the distal edge of supply with a liquidity search rally spike just below it Opened as 4 DTE, 19% ROI Got the decline this morning and trade looks good for Fri expiration Apr 16by claypuzzle0
The Stars Align | Long Financials1. Steepening Yield Curve 2. High GDP Growth, which will boost loan growth 3. Lower credit losses supported by fiscal stimulus 4. Accelerating job growth, which should drive up consumer spending, improve credit outlooks further & enable accelerated reserve releases 5. Accelerating buy backs *Fed to end its temporary restrictions on most banks paying dividends and buying back shares after June 30 Found support at the 50day (orange) Stoch RSI, Buy signalby 0dteTraders111
OPENING (IRA): KRE MARCH 19TH 42 SHORT PUT... for a 1.08/contract credit. Notes: I already have some January on, and there is no February currently, so going out to March with 30-day still >35% at 36.5% and expiry specific at 38.4%. As with my other IRA short put trades, I'm fine with getting assigned, selling call against, particularly since it has a small dividend to pay you while you wait to exit any covered call profitably. ROC: 2.64% at max as a function of notional risk; 9.6% annualized at max.by NaughtyPinesUpdated 443
OPENING (IRA): KRE JANUARY 15TH 40 SHORT PUT... for an .81/contract credit. Notes: With 30-day at 57.4% and expiry-specific at 42.3%, selling premium in one of the underlyings on my IRA shopping list. (Current yield 3.02%). I would ordinarily just ladder out, but this isn't exactly weak relative to where it's been, so want to keep powder dry for it in the event it weakens further. 2.07% ROC at max as a functional of notional risk; 11.6% annualized.by NaughtyPinesUpdated 222
Banks, Airlines & Cruises strong this morning.Just reposting a chart I sent out last week. All the names are up pre-market and threatening to breakout from a decent base. Pretty much tells you the theme for today after the MRNA news.Longby WadeYendall2
KRE Threatening to breakout of 5 month range.Not sure why banks are moving here as yields are not popping but they look strong.Longby WadeYendallUpdated 2
KRE vs TLTAre bond about to tank? KRE is threatening a range breakout just as bond pull into key support. Could reverser quickly of course but something to watch.. Its been interesting to see bonds sell off as the market sells off.by WadeYendall111
KRe/XLREQuite the move in the KRE/XLRE today....I plotted 10Y yield against it....Good proxy for interest rates (i.e. indicating headed higher). Longby tdrake21390
Regional Banks On the Move!Regional banks have been an absolute dog as of late. They lag almost everything, other than energy. This sector has shown some strength since the “Tech Wreck”. So why do we focus on this group? Well it is part of a larger story…. interest rates. Let’s hop on the chart. So here we have the charts of KRE. We have seen a downward sloping trendline that was intact for months break. Now we are going to test an area of overhead supply. If we break through at that area, that is bullish for stocks. If we break down at that level, we would be looking for a higher low to confirm the trend reversal. We are also seeing the RSI break through some overhead resistance which is bullish. We want to see participation from financials, even the small ones! Now this is also part of a larger story of interest rates. If KRE is rising, we can assume rates will rise as well. At least in the short term during reversals, these two trend together. We are seeing utilities break out too, which is another leading indicator of rates increasing. Happy Trading!Longby derzzycharts113
OPENING (IRA): KRE NOVEMBER/DECEMBER 31/30 SHORT PUT LADDER ... for a 1.49 credit. Notes: With its current yield of 3.66%, looking to pick up some shares lower or just keep the premium. Background implied at 44.9% with an ROC of 2.50% at max as a function of notional risk, 9.71% annualized.by NaughtyPinesUpdated 3
THE WEEK AHEAD: GDXJ, XOP, KRE, EWZ, QQQEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS: Currently, no options highly liquid underlyings announcing earnings next week with high rank/implied. EXCHANGE-TRADED FUNDS SCREENED FOR 30-DAY IMPLIED > 35%: GDXJ (16/54/12.0%)* XOP (16/51/12.1%) SLV (34/47/10.7%) EWZ (17/45/10.7%) GDX (18/43/10.2%) BROAD MARKET: QQQ (32/35/8.2%) IWM (27/32/7.3%) SPY (22/26/5.6%) EFA (16/21/4.6%) DIVIDEND-GENERATING EXCHANGE-TRADED FUNDS: EWZ (17/45/10.7%) SLV (34/47/10.7%)** KRE (24/45/10.4%) XLE (23/41/9.3%) EWA (26/27/6.7%) SPY (22/26/5.8%) IYR (19/26/5.6%) XLU (17/23/5.2%) EFA (16/21/4.6%) GLD (24/20/4.4%) TLT (9/16/3.5%) HYG (15/14/2.6%) EMB (14/22/2.5%) Pictured here is a two-rung short put ladder in KRE (Current Yield 3.70%) intended for a retirement account environment. It was paying 1.83 at the mid as of the Friday close, but it's bid 1.43/ask 2.18 in the off hours, so will have to price that out during the New York session. I've already got some EWZ on (See Post, below), but may consider adding some SLV for precious metal exposure in addition to my GLD due to its higher volatility and scalability (which I probably should have thought about before throwing a three lot GLD ladder out there) (See, GLD Post, below). I've also added XLE to the list due to its current yield of 6.81%. GENERAL THOUGHTS: With the U.S. general elections occurring on Tuesday, November 3rd, I'll be looking to lighten up margin account positions running into the October monthly expiry (now 33 days 'til expiry). I will consider just flattening out completely, and then reestablishing positions thereafter. If you recall the last general election in 2016, it was limit down in /ES during the Asian session, all of which evaporated by New York open, leaving minimal volatility to take advantage of in its wake. I could see playing /ES in the overnight to capitalize on a potential volatility contraction that may occur in /ES from the overnight to the New York session, but it will depend to a certain extent on how much volatility expands running into the election. I'll try to post a potential trade set-up, but I can say it's likely to take one of two forms: (a) an at-the-money long call vertical to take advantage of skew and with risk one to make one metrics; or (b) an out-of-the-money short put vertical -- both defined risk. I lean toward the credit side (short put vertical) due to having more room to be wrong, but will have to price things out in the moment to compare and contrast the two setups for buying power effect, profit potential, and probability of profit. In the IRA, I'm going to keep on grinding on things as long as I can find decent premium to sell without going totally crazy; I want to keep a decent amount of buying power free in the event that we do get a big volatility event that shouldn't be passed up. * -- The first number is the implied volatility rank (where 30-day implied is relative to where it's been over the past 52 weeks); the second, the 30-day implied volatility; and the third, the percentage of stock price the at-the-money short straddle is paying in the October monthly. ** -- Neither GLD nor SLV pay a dividend, but I have a GLD position on to give me some exposure to precious metals.by NaughtyPines223
KRE in a tight narrow wedge - Must come downIt is stuck between 2 trend lines and there is no room to go. It has hit the top of the channel with lower volume. Time is ticking and i think we must go down.Shortby naserhalteh1
KRE - Ran into Huge ResistanceRan into Huge resistance on the purple line. It happened in the past and it happened again today 8/12. I think it goes down $38 before we see what happens next. Shortby naserhalteh0
KRE - Next Stop is the Support line. Will it go down from there?KRE has hit the top of its descending channel and is now approaching its support line. Lets see if it breaks through or bounces. Shortby naserhalteh112
Regional Banks Weekly chartSitting in between 2018 highs and 2009 collapse lows. looking for a move to 29. The good ol consolidate the banking system may be under way.by Veets113
Ugly Chart and Bad Fundies for BanksExpecting something like this to play out with KRE (regional banks). So many headwinds for banks going forward, even if we avoid any further Corona problems (big if), we are expected to be in a zero or negative rate environment for years to come. Just look at what happened to Japanese and European banks under those conditions for long timeframes. It's not pretty. Plenty of room to the downside after breaking through the primary wedge support line. Next stop looks like $33 area. Would expect some sort of bounce there before resuming downtrend to test the march lows. Position: 12/18/20 25p Would reassess if genuine reflation and growth begins in the economy. Long duration on the option so even if next move in stocks is upwards I plan to diamond hands these.Shortby ZChartDoc557
Still KRE but another point of view Analysis Here is my update of the KRE chart. I think we are heading back to the 32,67$ area and if we won't break the uptrend channel, from that point we will go up and will retest 37 and possibly 40 at the top of this daily support channel. As you can see, we are still in the uptrend on the D chart. The RSI is on 46%, there is no volume fading, and the indicator shows almost exactly the same level in the last 3 days. Today We peaked the profit 1 level, and then the bulls weren't strong enough so we went back. Let's dive into the 4HR and 1HR time-frames to see that where we are heading now and find some answers to our questions. 4hr: Trend direction: We are still in the Daily chart's uptrend channel. Candles: After a tremendous bullish engulfing, we have a hanging man candle formed, and the after-hours candle opened lower than the previous candle's close price. Momentum indicators: RSI turned back from 54,56% ( which is a strong resistance level) Volume shows me less volume in the last candle. SMA: Big distance between 10SMA and 20SMA EMA: We are under the 50EMA An interesting fact is that 50MA was 2 times is a support line for the price that means 32,67$ is a strong support before the major support 31$. 1hr: We have a kind of bullish harami, which turned back from the 50MA support level, accidentally the 20SMA was at the same level. by NorbertDavid4
Analysis of the KRE chartHere is my new idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advance. the 1hr chart On the RSI : 3 times tried to break the 57,27 level but seems like a strong resistance, and always went back to 54,10 ( strong support) level. What signs show that we are in the uptrend: - We have a Doji after a Bearish Engulfing. - The 10 SMA crossed above the 20sma, pretty bullish and we are still over the 50EMA - We still have a place to go upper to the 60,32 area of the RSI, where is another strong resistance. ------------------------------------------ Let's see the things on the 4hrs chart: The 4hr candle closed out of the uptrend channel and we below the 50EMA The 10SMA crossed 20SMA below those are not good at all so there is a strong possibility for a pullback ----------------------------- LEt's see the story on the D chart We had a dead/death cross(3rd of March), because the shorter-term 50MA crosses below the longer-term 200MA, We are still below the 50EMA and the 200EMA ----------------------------- Monday will be exciting, hopefully, a short rally up for the profit 1 and then the pullback, and it can turn back to go and reach the profit 2 by NorbertDavid3