XLF is now trailing behind the KRE . This topping formation has now triggered on the daily chart and is showing us there is a tremendous amount of risk in the banking sector. Will we see a small bank blow up which causes contagion?
We are still in a yellow zone, but RSI on week and day graph is above 50. OBV is bouncing on its avg. What do you think if this formation?
TCF bank began merging in to Huntington Bank after receiving shareholder approval, ticker HBAN, in March of 2021 with the intention of being completed within the year. This will put it in the top 10 regional banks and will rank 5th in 70% of deposit markets. Regional banks are set to benefit from rising rates and inflation. The cost synergies and the ability to...
It ought to be known by everyone that it is necessary in certain recessions for dead cat bounces and over a typical 5 quarter economic cycle down, it is not uncommon for 1 or 2 of those quarters to be bullish. I suspect that the strength around all the discounted earnings from August is mostly baked in now. The concern, in the MT and LT, is the 2's 5's...
Banco Santander looking like an interesting setup for a long term trade. It has broken the downtrend and it has broken horizontal resistance. Full disclosure I have been long since 3.80. I may add to my position if it holds support at 4.22
Updates coming from the previous "Banks Look Cheap vs Utilities" chart. For those who don't remember here are the flows we have been tracking: Now it is clear US 10-year Yields are starting to withdraw again, although this time Banks vs Utilities are less affected. I have been talking with clients recently around this space and there is broadly no concern....
Expense Ratio: 0.35%, or $35 annually per $10,000 invested finance.yahoo.com
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...
We 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 (...
We had an advance warning in 2007-2008 in regards to the Housing Bubble/Financial Crisis another sell signal on SPDR Bank ETF on the monthly chart
It's all about making an educated bet to try to get it right.
As titled