KBE 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...
Financials charts have completely been rejected by the downscoping trend line. A weekly bear flag looks like it's about to trigger and send price action much lower. Since the daily chart is getting oversold, waiting for bearish consolidation is a wise decision if you are wanting to short. With the rise in yields recently, it's clear the Banks net interest...
On this 4H chart, I see WFC having had a bit trend up and then a retractment through the upper anchored VWAP lines toward the mean running VWAP where I expect a bounce. At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this impending reversal with bullish divergence in the line cross under a histogram which went red to...
While tracking regional banks DPSt had a bad time in the spring with the small and regional bank failures/rescues and the federal actions to buttress the faith of citizens in them. There has been no runs on the banks. Larger banks may be taken some business from small banks sattled with securities with diminished value due to rising interest rates and the...
Bank stocks have collapsed back in March, but don't forget that markets go from pessimism (fear) to optimism (greed) and vice versa. Looking at the KBE (Bank Sector ETF) chart, we can see a completed three-wave A-B-C corrective decline after a five-wave rally, which gives us a nice bullish setup formation. So, after reaching important 78.6% Fibonacci retracement...
While tracking regional banks KRE had a bad time in the spring with the small and regional bank failures/rescues and the federal actions to buttress the faith of citizens in them. There have been no runs on the banks. Larger banks may be taken some business from small banks saddled with securities with diminished value due to rising interest rates and the...
Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits.Jun 14, 2023 BNKD, the banking bearish and leveraged ETF has dropped in trend down in the past month albeit with some upgoing corrections...
KBE on the one-hour chart has been in a rising parallel channel for a month. It is now near the the top of the channel having pivoted within the past few trading sessions. The MACD which is no lag shows a line cross above the histogram while the RSI is topped out as it was on May 23rd the most recent previous pivot downward. I see this as a short setup. The...
As shown on the 4H chart BNKD, a triple leveraged ETF inverse to big bank stocks has had ups and downs reflecting the chaos in the banking system with some failures and federal support or takeovers. Online banks are thriving while some smaller regional banks are challenged with a portfolio of bonds and treasuries bearing low yields. Price is presently at the...
BAC on the daily recently descended from an asymmetrical head and shoulders pattern near to or in the supply zone as indicated by the Luxalgo indicator down into the demand zone in late March and early May for a double bottom. Fundamentally, the banking system has been propped up by the federal central banking mechanisms and the situation seems to have...
Buy the panic in the banking sector then sit wait watch and profit. See also by KBE idea
KRE the regional bank ETF is down about 50 % YTD, with a couple of bank failures leading the way. The question that arises is whether there is more downside. Faith and trust in the the banking system is at risk. The big banks came in their rescue on First Republic. A run on the little banks can hurt the big banks even Goldman Sacks. Holding...
PNC technically looks broken and on the verge of more downside. Can PNC pull a rabbit out of the hat this banking earning cycle? Or will the downside pattern prevail?
This financial has been holding up very well considering XLF & financials have been obliterated. One of the very few relative strength financials holding above key daily moving averages. If financials see a technical bounce this stock will likely breakout to the upside.
With major weakness in the banking sector we are still seeing the contagion play out. Some banks are more at risk than others. Based off of a blow out in Credit Default Swaps. The bond market is showing there is tremendous risk in this bank. Just like Credit Suisse CD's blew out befroe the collapse, we are watching COF credit defaults blowout.
KBE is in the middle of a beatdown with two of the biggest bank failures in history this week. The share price action is reflecting overall distribution. The moving averages ( SMA 100 and SMA 200) are parellel and not crossing. Today, the price action had a little pullback on the drop and perhaps an early sign of reversal or at least the end of the trend into...
A lot of talk on who is to blame for the SVB Financial collapse – this is the first big casualty of rapid rate hikes and tighter policy, but who is to blame and what are the next steps? -SVBs management – they invested short-term deposits in longer term fixed income assets – where a large % of its $120b securities portfolio lacked any kind of interest rate hedge...
Today we saw a systemic risk in the financial sector. The regional banks were hit extremally hard and as a result the Major banks saw sell side liquidation. Where there's one cockroach, there's usually another. Risk in the banking sector is the worst type of risk investors can ask for. Credit liquidity crisis is not something to mess around with. SIVB looks...