The DBA Rise Helped Me Decide to Short KRE

Name: The DBA Rise Helped Me Decide to Short KRE
Uploaded: 2024-04-02T10:47:18.484436
Channel: KRSCBOE
Description: The spike in commodity prices heled tattoo the bond market. The bond market hates inflation. When bonds dive it usually hits the interest rate sensitive regional bank index. The bear flag that developed in the KRE on an hourly chart last night made me more confident to stay short overnight. I am now looking to cover KRE under the 48 level.

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SPDR S&P Regional Banking ETF (AMEX:KRE)

AMEX:KRE SPDR S&P Regional Banking ETF

Trend Analysis Technical Indicators Chart Patterns

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The spike in commodity prices heled tattoo the bond market. The bond market hates inflation. When bonds dive it usually hits the interest rate sensitive regional bank index. The bear flag that developed in the KRE on an hourly chart last night made me more confident to stay short overnight. I am now looking to cover KRE under the 48 level.

ChrisBrecher