Read on Twitter
a 🧵🪡
1/
Update on our upgrade of Regional Banks "tactical buy" which we initiated on 5/7
- rationale on 5/7 was failure of $FRC created "temporary Fed put" for regional banks
- #Fed then paused
$KRE $NYCB $EWBC $WAL $BANC $CNOB
1/
Update on our upgrade of Regional Banks "tactical buy" which we initiated on 5/7
- rationale on 5/7 was failure of $FRC created "temporary Fed put" for regional banks
- #Fed then paused
$KRE $NYCB $EWBC $WAL $BANC $CNOB
https://twitter.com/MarketWatch/status/1655535660567089152
2/
Technical picture for $KRE regional banks has since strengthened sharply
- Regional banks registered "13" buy setup on @DeMarkAnalytics daily and weekly charts
- flagged by @MarkNewtonCMT
- and yesterday, we got the necessary "price flip" higher on $KRE
Technical picture for $KRE regional banks has since strengthened sharply
- Regional banks registered "13" buy setup on @DeMarkAnalytics daily and weekly charts
- flagged by @MarkNewtonCMT
- and yesterday, we got the necessary "price flip" higher on $KRE
3/
As you can see, the Regional Bank "temporary Fed put" trade is outperforming the broader market
- summary of trade ideas is below
As you can see, the Regional Bank "temporary Fed put" trade is outperforming the broader market
- summary of trade ideas is below
4/
Read as regional bank tactical rally now has "technical support"
That's it.
- keep up with our tactical ideas by getting "First Word"
For more details, get the "First Word" at FSinsight.com/our-services
Read as regional bank tactical rally now has "technical support"
That's it.
- keep up with our tactical ideas by getting "First Word"
For more details, get the "First Word" at FSinsight.com/our-services
• • •
Missing some Tweet in this thread? You can try to
force a refresh
