Courtesy of Chris Kimble.
Over the past 60-days, financial stocks have done well. Over the past 60-days, regional banks have been stellar performers, out producing larger banks and the broad market, by a large percentage. From a risk on stock perspective, seeing large and regional banks do well, has historically been a positive sign.
Below looks at regional bank ETF (KRE)_
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KRE remains inside of bullish rising channel (1) for the past few years. As mentioned above, once KRE broke out at (2), buyers rushed in.
Joe Friday Just The Facts; KRE is facing a key breakout test at (3) above, that its outcome will be important to regional banks and could be important to larger banks as well.
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