The recent breakout in financials is occurring right into potential chart resistance. One of the big winners in the “Trump Rally” has been financials. In…
Tagged $KBE
2016 Charts Of The Year
This post originally appeared as the J.Lyons Fund Management, Inc. December 2016 Newsletter at jlfmi.com. As 2016 draws to a close, we again take a…
Regional Banks Bumping Into Stiff Resistance
Regional banks have been on a run of late, but are encountering resistance stemming from 2011. Over the course of the post-February stock rally, the…
Can Broker Stocks Finally Get Past The “2-Step”?
One of the few sectors that has shown little inclination to participate in the equity rally – broker-dealers – has an opportunity to gain some…
Time To Bank On Financial Stocks Again?
After failing to keep pace with the equity rally over the past 4 months, financial stocks are finally breaking some key technical resistance. Last week,…
Rate Hike? This Chart Says Don’t ‘Bank’ On It
Bank stocks spiked on rate hike speculation; however, potential chart resistance suggests their upside may be limited. The big news in the markets this week…
Jamie Dimon Banking On Financial Stocks Bouncing Here
Based on the chart of the KBW Bank Index, Jamie Dimon’s decision to purchase shares of JPMorgan may have been well timed. The buzz surrounding…
With Banks At New Highs, Are Stocks Out Of The Woods?
With the major indexes again pushing up near new highs, it is a good reminder that despite all of the ancillary concerns about the market…
UPDATE: YEP! >> (4/21: SPDR KBW Bank ETF ($KBE): Bear-Flagging?)
On April 21, we posted a chart pointing out a potential bear flag formation in the SPDR Bank ETF (KBE). The question of whether or…
SPDR KBW Bank ETF ($KBE): Bear-Flagging?
Possible bear flag alert in the SPDR KBW Bank ETF ($KBE): An ideal spot to see KBE fail might be the confluence of the 50-day SMA…