Why are regional banks breaking out to new 6 months highs relative to the S&P? Does smart money know something that retailers are missing?
Wither the Banking Sector... by design. All part of the Plan. Larger Regional Banks will become the very next too-big-to-fail entities. A good old-fashioned rollup, kinda like Bush Sr's criminal S&L Scandal Part tres. _____________________________________________________________________ Bank on it. A threat to financial stability? M&A isn't going to go all...
Oh my, death on a stick once again. Banks are twisting in the wind. Health? Hell No. ______________________________ Use the Dollar Tool now. Forget Stonks they are cooked. Markets go nowhere without Financials. Homies' wreckage just beginning. Bonds are already in ruin. Crypto, ready for the beating. Gold, a shiny useless rock. 22% more to go... adios.
SPDR S&P Regional Banking ETF ( AMEX:KRE ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $-- Current Price: $63.44 Breakout price: $66.00 Buy Zone (Top/Bottom Range): $62.20-$56.55 Price Target: $90.00-$91.00 Estimated Duration to Target: 496-509d Contract of Interest: $ZM 6/16/23 70 Trade price as of publish date: $4.70/contract
... for a 1.76 credit. Comments: Popped to the top of my screener with an IVR of 95 and a 30-day of 45.1. Selling the 16 delta strikes for a 1.76 credit on buying power of 7.06; 24.9% ROC at max; 12.5% ROC at 50% max. Will look to take profit at 50% max, roll sides on approaching worthless/side test.
KRE has been consolidating in a channel for more than a year. Recently it gave a breakout from the channel and trying to retrace back to the trend line for breakout confirmation. With Fed planning to raise interest rates 3-4 times in 2022, all banking sector has gained momentum. Breakout moves could be explosive on the upside, targets 81.33 , 86.74 , 94 and beyond.
Fundamentals for the banking system are very strong right now, and it is possible to reach this target with the interest hikings
KRE Weekly chart showing bullish break out to ATH with increasing volume. Technical point to a more bullish move for up coming weeks ahead of bank earnings. CCI & RSI trending higher and moving up to bullish signal. Cross on weekly Stochastics RSI is showing a bullish cross.
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
As mentioned in XLF idea, Financial charts looking bullish with a nice weekly box breakout. KRE regional banking etf : - Look for retest of box or possible sellers to step in for a push down to 8EMA green line - My bias and bull case - continuation , especially with the MACD bullish cross confluence. I'm long Dec 72c but can also form a spread with the Dec...
banks rip more from here on a hawkish Jackson Hole fed meeting. rolled into some OTM calls today. RSI not in an ideal spot, altho the tighter charts show a different supportive picture atm
Regional Banks look terrible here and have shown relative weakness recently as the indices have been making new highs. If the market decides to correct, I expect KRE to see some more downside.
I'm gonna state it like this in my Mr. T voice. announcer: What do you predict if kre drops below the blue support line? Mr. T.: Pain
looking for a nice bounce in the banks next week.. June 11th $71 calls 🤙🏽
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 67.80
KRE 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...
1. 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...