KRE Regional Bank is part of my Economic Modern family. With stable bank earnings, the ETF measures the small banks that people in rural communities and small cities often go to to borrow and save money.
Below is the article dated March 22, 2022.
“We have navigated the pandemic successfully using Misch’s Economic Modern family, and now, in 2022, we are using that insight to navigate the geopolitical stress, inflation and And finally, rising interest rates.”
To quote that passage, the S&P 500 hit a new all-time high just one week later. We all know what happened from there.
As we enter 2023, enthusiasm for a bottom remains high. There are constant calls for the Fed to pivot. However, as on March 22, 2022, the war between Russia and Ukraine continues, inflation (albeit moderate in some regions) is on the rise, and interest rates are rising.
By the way, deJa’Vu, just to reiterate, there is a debt ceiling emergency underway in the US.
I remember 2011. A political battle to delay the inevitable: raising the cap to print more money. The market dropped him 20% until everyone played well. Could this be why the KRE is lagging behind and perilously close to the weekly chart breakdown?
First, the six-month calendar range. The KRE’s January high was 61.08, just below its 50-day moving average. The 6-month low is 57.50, a 200-week moving average to be exact. I like this year’s calendar range because it aligns nicely with the major moving averages.
As such, the KRE is now roughly in the middle of the range. A move below 57.50 and we consider it a fair warning regardless of what others are doing. exceeded 61.10. Take this as a good sign and continue shopping. However, this midrange chop can wreak havoc, so have some patience and tread lightly until the range is adjusted.
And remember – it’s always best to look at the weakest link and strongest member in the family, the KRE being the weakest.
So are we on the verge of a temporary malaise, or a contagious, further disease?
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on StockCharts TV Chart until 2023Mish sits at a round table of experts for an open discussion about what they are seeing and hearing in the marketplace.
Mish presents its outlook for 2023, offering six trading ideas from macro to micro on StockCharts TV on Thursday, January 12. your daily five.
Misch and John discuss how stocks and commodities can rise together in this article for Bloomberg BNN.
During her appearance on Benzinga, Misch and the team discuss her outlook and why inflation continues, with a focus on gold.
While the weekly charts still show a bearish rally, Misch and host Dave Keller announced Tuesday, Jan. 10, that last bar (see full video here).
Appearing on Business First AM, Misch talks about global inflation concerns.
- S&P 500 (SPY): January calendar range resets to day 1. SPY fails 200 and 50-DMA.
- Russell 2000 (IWM): It’s in better shape than SPY, but it’s still a nasty reversal and you have to keep 180.
- Dow (DIA): As the industrial sector loses ground, it falls back under the 50-DMA.
- Nasdaq (QQQ): Sitting just below 50-DMA, I never cleared 200-WMA.
- Regional Bank (KRE): It should lead the descent and now hold 57.50.
- Semiconductor (SMH): We’ll see as it still holds major support at 50-WMA.
- Transport (IYT): 225 key support here.
- Biotechnology (IBB): Best sector to support 132 keys.
- Retail (XRT): 63 200-WMA if market goods must be maintained.
Misch Schneider
MarketGauge.com
Director of Trading Research and Education
Mish Schneider is the Director of Trading Education for MarketGauge.com. For nearly 20 years, MarketGauge.com has provided financial information and education to thousands of individuals. We have also served major financial institutions and publications such as Barron’s, Fidelity, ILX Systems, Thomson Reuters and Bank of America. In 2017, MarketWatch, owned by Dow Jones, named Misch one of her top 50 financial insiders to follow on her Twitter. In 2018, Mish won RealVision’s Stock of the Year award.learn more