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Regionalusbanks

$KRE massive H&S top?Thanks to @TORNADOF5 for reminding me about this. A friend sent me a tweet last night about how banks are levered up on debt and that prompted me to look at the chart of KRE. As you might remember, AMEX:KRE was one of the worst performing ETFs at the beginning of this year with the failure of a ton of local banks. But since earlier this year, I haven't heard much talk about banks being in trouble. Well I pulled up the chart, I was surprised to see a massive H&S top forming. If price breaks $37-38, then I could see a big move down. The first target would be $29 and if price gets under that, it could get really bad. Could see price making it all the way to the lower support levels. Let's keep an eye on this because it'll be a great trade should it play out.
AMEX:KREShort
by benjihyam
3
KBE - S %& P Small Bank ETF LONGKBE is an unleveraged bank ETF which on the 60 minute chart is currently trending with a buy signal from the machine learning algo indicator. Banks are reporting. Interest rate changes by the fed are flat for the time being. The volume profile shows KBE took a dip to try to fall back into the high-volume area and bounced. It has recovered from a VWAP band breakdown correcting from the 3rd upper band to the first upper band. The dual time RSI indicator shows the faster RSI line crossing over the slower RSI line and both in the healthy 60 range. I see this as a buying opportunity on KBE and will also take a look at DPST. I see price as targeting the February 23 high about 20% upside.
AMEX:KBELong
by AwesomeAvani
Bearish potential detected for KRELooking at KRE during the final hour of trade this morning on the US markets, KRE represents a potential bearish opportunity should momentum continue and lower highs and lower lows be made past the current position, considering breach of recent support levels aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the high of the recent swing on 17-Oct (i.e.: above the high of $42.92) and will track the declining 30 day moving average as the trade continues.
AMEX:KREShort
by Ivory_Wolf
Regional Banks Are Still in Serious Trouble!Traders, For the second time this year, regional banks are threatening to cross on over an essential support that has carried us through this secular bull market for 14 (going on 15) years! If our support breaks, I fear that regional banks could drag everything else down with it. Remember, it is regional banks that hold the loans for much of commercial real estate. Much of commercial real estate went vacant during COVID. We are only now beginning to understand the wave of bankruptcies that are crashing in hard as a result! Watch this line closely or stay tuned here and I will keep you up to speed as I observe any significant changes. Stewdamus
AMEX:KREShort
by stewdamus
KRE - Regional Banking Crisis or Opportunity? 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 current idea... stay frosty on this one traders. Current wick low is your stop. Safe Trading PUKA
AMEX:KRELong
by PukaCharts
8
US Regional Banks: Is the Worst Over?📝The KBW NASDAQ REGIONAL BANKING INDEX is a stock index composed of regional US banks operating in one or several geographic regions of the country. These banks tend to be smaller in size than the large national banks, and generally offer banking services to businesses and individuals in their areas of operation. Index performance is affected by a number of factors, including the health of the regional economy in which these banks operate, interest rates and regulatory policies that affect the banking industry. 📈 Looking in parallel with the S&P500 index, we see that it anticipated the 2008 crisis. Now KBW is in a decisive region, at the same level as before that crisis. The resistance and support levels that delimit this region are in green and red, respectively. Whether it will rise or fall, I don't know... For now I'm just stating this fact. What I can say is that if the index breaks below the red dotted line, it will be an indication that the banking sector could experience more turmoil.
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by andre_007