KRE will suffer a lot from rate cutsTake $TLT chart and flip it over. This is how KRE chart should look like...Shortby GregTheAnalystUpdated 4
KRE, update!AMEX:KRE Price has come back into critical zone, trying to clear the resistance levels. Short term price momentum as indicated by red line is upwards. AS long as price above this line, stay long. By joining various lows, I have formed the medium and long term support lines Price has already created a support level near $48.87. Important trading levels R1 : $58.60 R2 : 65.77 S1 – 50.88 S2 : 45.16 S3 : 36.25 Please share a thumbs up if you like what you read! Cheers Longby LoveForChartsUpdated 5
Path of least resistance is...lower?Yields are looking ready to resolve lower - global yields tell a different story though, specifically the German and Japanese 10Y Yield. $TLT vs. $SPY also suggestive of Bond out-performance on the horizonby murphycharts114
Bank ETF Pulls Back Before EarningsBanks ended 2019 on a strong note as gloom toward the economy lifted and investors started to appreciate their low valuations. Now a key exchange-traded fund has pulled back to a potentially important level: The SPDR Regional Bank ETF . KRE is holding the same $57 area where it peaked in February and November. The 50-day simple moving average (SMA) has also risen up to the same area, producing a confluence zone. Stochastics are also showing a potentially oversold condition. Earnings season next week may provide some catalysts as well. The reports begin with big names like JPMorgan Chase , Citigroup and Wells Fargo on Tuesday, with smaller regional lenders following soon after. The recent Iranian turmoil has hurt banks, however the broader backdrop could favor them: Economic growth continues to improve and the Fed is keeping short-term rates down. That could steepen the yield curve , one of the key ways that financials make money. Value investors might also like the multiples on banks because KRE's price/earnings ratio is under 13x, according to ETFdb. Compare that to 23x on the QQQ (Nasdaq-100) or 20x for SPY (S&P 500).Longby TradeStation6
KRE - time to go Long!AMEX:KRE KRE, looks good to push higher! CMP : $57.28 We are witnessing a continuous higher high and higher low on the RSI indicator and price has just been pushed lower by the Resistance Line (R1) @ $58.60 levels Price has already created a support level near $48.87. Important trading levels R1 : $58.60 R2 : 65.77 S1 – 50.88 S2 : 45.16 S3 : 36.25 RSI seems to be showing signs of being oversold faster at higher price points suggesting higher price action Watch out for this space, go long and sit tight Please share a thumbs up if you like what you read! Cheers Longby LoveForChartsUpdated 4
$spy $kre If the market is going to keep going Kre will be nextLooks like consolidation before breakout. Headed to 61 and quicklyby poppop64
Financials Due for a Quick Bounce Off SupportI'm not sure this is bullish long-term, but do expect a $3 bounce near term for financials as this pattern sorts itself out. Longby axelroarkUpdated 1
Short Regional BanksAll the cheap money lending is finally catching up with the banks. Short this garbage with confidence, knowing that the US economy is about to get canned. Cheers.Shortby AftabAli3
$kre at a crucial spot here $spywatch regional banks. if they break this support again, it would be bad for overall marketby poppop60
downtrend re-establishedbear flag then a flush, more downward pressure coming $DPST $WDRW $XLF Shortby chaching231
trade war trade- spreading your risk like a proin the current environment banks are leading the rally, but volatility is likely to return.but, volatility can remain low for long periods of time. in this trade i see certainty in either direction as a positive. this trade captures either delta change or volatility expansion in the main leading sector. in this trade we take a russell proxy KRE and SP 500 proxy XLF. both underlinings are extremely liquid and IV is low in both.im expecting positive certainty that being said the trade setup will be the russell proxy KRE (3-- 100 wide bull calls) and the sp500 proxy XLF (2--100 wide bear put spreads). the ratio is based on CME's risk management suggestion for russell vs SPX. yes, rising wedges in some cases can be bullishby The_dumpster_diver0
2019 prediction- there will be hamberdersmnuchin , powell, and trump have a bonding moment over a few hamberders one night. steve asks is liquidity secure? powell says we have a ton of excess liquidity, regional banks are unfairly hurt by rules to tame more sensitive banks. trump we need a rule change to allow a little stimulus juice to help industry. why not change rules on excess reserve requirements on regional banks? trump says people would be happy, they would be able to absorb excess inventory in certain sectors (housing, auto, HAMBERDERS...etc). Longby The_dumpster_diver1
KRE - US regional banks - top.....or not?Two counts here: My preferred count in red showing a top has been made and to expect some sustained downside. The alternative blue count suggests the opposite and that another leg is in the offing as soon as this correction is completed. Shortby tomj24170
Sentiment too bearish, high put volumePut 4x calls May consolidate and retest 59, but short term I d be surprised if it goes straight up ... More downside, wait for consolidation and bullish divLongby topfazio1
Regional Bank AnalysisThe regional banks didn't bounce and I got stopped out by the blue 50 Week MA. The downward targets are the black 200 Week MA and the pink line or the dashed pink lines where there is a gap you could get a bounce off off. Shortby jmccomb30
KRE is BrokenWe had a nice short squeeze past couple days but don't be fooled. Both long term and Short term trends are lower here. Yesterdays, Shooting Star isn't a bullish signal at all. Until Bonds stabilize this sector dead money for longs.Shortby GUMBY9662C2
KRE I personally think today's bounce is a short squeezeKRE might bounce here but we did have above average volume today. I wouldn't short here unless we start breaking yesterday's low. XLF didn't see the hire volume. Mixed read here for sure. My opinion, we are on verge of much greater down side.by GUMBY9662C2