Call me crazy, but I’d say the pop has topped.
Comerica
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
If Nothing Else, Watch KBE
The arrow is wholly conjectural, obviously (and a bit hopeful……….) but the point is to keep an eye on how the KBE behaves as it approaches the Himalayan mountain range of price action tinted in pink.
Bombastic Banks
It’s quite evident at this point that the BTFP (quickly referred to as BTFD by the trading crowd, which was quite prescient) introduced by that despicable pig Janet Yellen has added trillions of dollars to equity valuations. The most meaningful hope for exhaustion is for the recovery of the banking sector to cease.
Looking at the ETF symbol KBE, we can see how the surge from the small bullish base has pushed present price levels precariously proximal to the base of the giant topping pattern.
Another Bank Worth Watching
