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Keep An Eye On The Regional Banks

Published 12/13/2018, 11:05 AM
Updated 07/09/2023, 06:31 AM

SPDR S&P Regional Banking ETF

Large and regional banks have struggled this year as both have declined nearly 15% in 2018. These declines have taken place as interest rates have been moving higher, which is historically positive for banks.

The declines in Regional Bank ETF (NYSE:KRE) has it testing 7-year rising support as well as the 2007 highs at (1).

What KRE does at (1) will send an important message to the banking industry and the broad markets.

Keep a close eye on KRE in the weeks ahead as it eyes an important test of support.

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