Are Regional Banks (KRE) Sending A Bearish Message To Investors?

kre regional banks etf weakness caution warning stock market investing news image may 12

Regional Banks Sector ETF (KRE) “weekly” CHART

As we’ve written several times before, the banks / financials are an important sector in the stock market and economy.

So it goes without saying that when bank stocks are in an up-trend and/or performing in-line, that it’s a good indicator for the broader stock market and economy.

Well, that’s not the case in today’s chart – a “weekly” chart of the Regional Banks (KRE).

Sign up for our FREE newsletter
and receive our best trading ideas and research

As you can see, the banks have been weak and are facing dual resistance test at (2). Can the banks play catch-up and mount a breakout rally? Or will they remain weak and turn lower?

What happens during the next few weeks for KRE should send an important message to banks and the broader market. Stay tuned!

Twitter:  @KimbleCharting

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.