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Regional Banks Failing

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

What a delicious treat it is to see all this red on the screen without a reversal. It’s particularly heartening since the mindless equity bulls have pushed things so high, providing so much open air beneath. One key ETF I wanted to point out was KBE, the regional banks fund, which is slipping out of its consolidation zone.

The much larger financials ETF is helping, too:

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