Here is the daily BKX stringing several up days together, but starting to get over bought.
I have held the Regional Bank fund KRE since BKX boinked the trend line and lateral resistance (now support).Below is the weekly multi index chart it occupies along with the Semi and Biotech indexes. The key level was the May high, which is getting taken out today. But in this bipolar market sometimes these things that every damned trader on the planet sees, signal reversals (look no further than the BTK chart in the bottom panel).For now however, BKX is buying the interest rate story.
As to the other chart inhabitants, I’ve held and traded the Semis for months now, for obvious reasons.I also hold IBB based on its rise above the weekly EMA 50. This one is a test of patience for sure. But it’s still intact says the chart.
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