CLICK ON CHART TO ENLARGE Regional Bank ETF (KRE) and Financial ETF (XLF) have reflected a ton of relative strength over the past 60 days, when compared to the S&P 500-(see lower left 60-day performance chart) In the chart above KRE looks to have hit last years highs as its bearish rising wedge was coming [...]
CLICK ON CHART TO ENLARGE The “Power of the Pattern” suggested to be a buyer of the Regional Bank ETF (KRE) on a breakout (see post here). Today a pretty darn ugly chart pattern is taking place as support is being broken, at a key resistance level. Would POCKET THE GAINS/HARVEST right now.
The chart below, posted on 12/5, reflected that it has been lean times for the Regional Bank ETF (KRE) as it was up against falling resistance. (see post here) CLICK ON CHART TO ENLARGE In the earlier post the suggestion was to follow a breakout should it take place….Below is an update on KRE- CLICK [...]
CLICK ON CHART TO ENLARGE Would want to follow KRE on an upside breakout above line (1).
Mr Buffett stepped forward last week and bought up a good piece of Bank of America stock. Speaking of bank stocks, the regional bank ETF chart below could be something he might like to own as well…check it out! CLICK ON CHART TO ENLARGE This is anything but an ideal “Inverse Head & Shoulders” pattern, yet it [...]
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