Tag: KRE

S&P Broke Several Supports but Follow-through Might Await

S&P broke key supports Tuesday, signify a bearish trend reversal. While the near-term technical backdrops favors further short-term weakness, it will be important to monitor the retreat and rebound behaviors to determine whether breakouts are decisive. In a longer term, there is a high probability of a period of consolidation activity between S&P’s 2600 and 2800 that might last several weeks if not months. This consolidation band provides a rally and retreat trading environment for traders. However, market is volatile and tight stops are advisable

Trading Strategy – SPDR S&P Regional Banking ETF

  Treasuries rallied the most in 10 months, sending bank stocks lower as tensions with North Korea mounted and another Atlantic hurricane threatened to make landfall. There was also a highly dovish talk from Fed Governor Brainard. Buyers of four-week Treasury bills demanded the highest yields since 2008 in Tuesday’s auction as the deadline to […]

Trading Strategy – SPDR S&P Regional Banking ETF

  After peaking at 59.68 in early March, the SPDR S&P Regional Banking ETF (KRE) rolled over and formed a trading pattern between 51 and 56.50. Last week’s massive selloff pushed the ETF to the bottom of its short-term trading range. Now the question is “whether KRE follows recent trading pattern and bounce back to […]