$KRE -8.2% today. Worst day since June 2020. Massive volume, 2-year low. pic.twitter.com/URpGJao9Sb — Mike Zaccardi, CFA, CMT (@MikeZaccardi) March 9, 2023 Today’s Chart of the Day was shared on Twitter by Mike Zaccardi (@MikeZaccardi). The Regional Bank ETF ($KRE) had its worst day since June 2020 today, sinking 8.18% to its lowest level in […]
Chart of the Day – Friday, October 23rd, 2020
Regional Banks with some very constructive price action!$KRE $XLF $KBE pic.twitter.com/WxAFKR4KXF — Shane C. Murphy (@murphycharts) October 23, 2020 Today’s Chart of the Day was shared on Twitter by Shane Murphy (@murphycharts). It’s a daily candlestick chart of the Regional Banking ETF, $KRE, over the past year. Regional Banks broke above their 200-day moving […]
Financials Remain in Focus
Financials are certainly a space that we have covered a few times on this site, both in April and June. This sector continues to be an area of focus for many investors out there. In fact, Financials have outperformed the broad market over the last three months. It is also the third highest-weighted sector in […]
Relative Strength is the Flavor in Financials
Often never the ‘sexy’ group of the bunch and quickly lost in the shuffle to the likes of high flying tech or the latest IPO market, especially when risk is fully in favor. However, the Financial sector should be atop your list of barometer checks for the broad market, and when rotation is in favor […]
Todd Gordon on Regional Banks
Last week, Todd Gordon appeared on CNBC’s ‘Fast Money’ to give his thoughts on Regional Banks and the Financials sector as a whole, following the merger between SunTrust (STI) and BB&T (BBT). Todd begins by mentioning that Regional Banks (KRE) are outperforming Financials (XLF) on a relative basis. To me, this is a very positive […]