KBE
Good investing opportunity on the U.S. banking sector.The KBE ETF, which tracks an equal-weighted index of U.S. banking stocks, has been rising on a very steady 1M Channel Up since the 2008 financial crisis and has recently rebounded on the latest Higher Low (RSI = 50.776, MACD = 0.640, Highs/Lows = 0.0000). This presents a good buy opportunity on banking stocks, which are expected to outperform the market in the coming years. Our long term target is 52.00 with 60.45 in extension.
winners and losers X-rayWe can see clearly in this x-ray of the major index of USA there is a clear evolution in the last 3 months, you can clearly identify two sides, One that of the winners, made up of sectors such as;; Kie ( insurers ) / ITA ( defense, aerospace ) / splrct ( tech s&p 500 ) , .
and on the other , you can see the side of the losers, :: made up of sectors of :: kbe ( bank ) / xbi ( biotech ) / xrt ( retail ) / xsd ( semiconductors )
// clearly there is a separation between sectors. ¡¡
whose benefits are positive, // and other sectors whose benefits are Not positive. take note about it.