SPDR KBW Regional Banking ETF

  • TickerKRE.
  • ISINUS78464A6982
  • ExchangeNYSE Arca
  • SectorNonequity Investment Instruments
  • CountryUnited States
Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Industrials, Downgrading Defensives The current market scenario is not what we would consider “perfect” for a bull market, but it certainly has most of the necessary ingredients. Therefore, we continue to believe we are in the early stages of a broad-based advance. • Upgrading Industrials, Downgrading Defensives. Cyclical Sectors continue to show price and RS improvement while Defensive Sectors deteriorate, a favorable backdrop for a bull market. We are upgrading Industrials (XLI, RGI) to overweight due to bullish price and RS inflections, and we are downgrading Staples (XLP), Util...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Global indexes at major resistance Despite the S&P 500 having crept into all-time high territory, several signals continue to give us reason for pause as they are not indicative of what we would expect to see in a typical bull market. Below we highlight some of these signals which give us reason for pause, including major global indexes (ACWI and IOO) which find themselves at critical resistance... see charts below. • Reasons for pause: RS is neutral and consolidating for defensive bond proxy Sectors. Price trends are neutral at best for banks (KBE, KRE), transports (IYT), small-caps (IWM), ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Communications and Energy We remain positive on U.S. and foreign equities and we are encouraged by recent developments highlighted below which are primarily of the bullish variety. • Upgrades: We are upgrading Comm. Services (XLC) to overweight and equal-weighted Energy (RYE) to market weight due to an RS breakout for the XLC and bullish RS reversals for several energy ETFs (RYE, XOP, IEO). Add exposure. See charts below and Sector comments on pages 4-5 for actionable ideas. • Additional bullish developments: Several cyclical areas of the market are breaking topside key resistance...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Downgrading defensive sectors: Staples, Utilities, and Real Estate We continue to grapple with the possibility that the Christmas Eve low was “the low,” while also considering the potential that the current oversold bounce may be a bear market rally - and that the potential for a retest of the December lows could be around the corner. Short-term market/technical developments and other observations below lead us to believe that a more constructive overall outlook on the broad market is warranted. • Sector weighting changes: We are downgrading Consumer Staples (XLP), Utilities (XLU), and Real...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 at new all-time highs with uptrend intact Risk-on. The S&P 500 has surpassed the January all-time high, staying above this level for over a week. What's more important is the 5-month uptrend remains intact and cyclical/risk-on areas are reasserting their leadership status. Think technology, discretionary, and biotech/medical devices - all current overweights. At the same time, defensive areas have petered out in terms of relative strength, exactly what we want to see in a healthy bull market. Notwithstanding normal countertrend pullbacks, we expect to stay in the bull camp as long as ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Industrials, Downgrading Defensives The current market scenario is not what we would consider “perfect” for a bull market, but it certainly has most of the necessary ingredients. Therefore, we continue to believe we are in the early stages of a broad-based advance. • Upgrading Industrials, Downgrading Defensives. Cyclical Sectors continue to show price and RS improvement while Defensive Sectors deteriorate, a favorable backdrop for a bull market. We are upgrading Industrials (XLI, RGI) to overweight due to bullish price and RS inflections, and we are downgrading Staples (XLP), Util...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Global indexes at major resistance Despite the S&P 500 having crept into all-time high territory, several signals continue to give us reason for pause as they are not indicative of what we would expect to see in a typical bull market. Below we highlight some of these signals which give us reason for pause, including major global indexes (ACWI and IOO) which find themselves at critical resistance... see charts below. • Reasons for pause: RS is neutral and consolidating for defensive bond proxy Sectors. Price trends are neutral at best for banks (KBE, KRE), transports (IYT), small-caps (IWM), ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Upgrading Communications and Energy We remain positive on U.S. and foreign equities and we are encouraged by recent developments highlighted below which are primarily of the bullish variety. • Upgrades: We are upgrading Comm. Services (XLC) to overweight and equal-weighted Energy (RYE) to market weight due to an RS breakout for the XLC and bullish RS reversals for several energy ETFs (RYE, XOP, IEO). Add exposure. See charts below and Sector comments on pages 4-5 for actionable ideas. • Additional bullish developments: Several cyclical areas of the market are breaking topside key resistance...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

Downgrading defensive sectors: Staples, Utilities, and Real Estate We continue to grapple with the possibility that the Christmas Eve low was “the low,” while also considering the potential that the current oversold bounce may be a bear market rally - and that the potential for a retest of the December lows could be around the corner. Short-term market/technical developments and other observations below lead us to believe that a more constructive overall outlook on the broad market is warranted. • Sector weighting changes: We are downgrading Consumer Staples (XLP), Utilities (XLU), and Real...

Dave Nicoski ...
  • Ross LaDuke

Vermilion ETF Pathfinder: Actionable ETF research & Ideas

S&P 500 at new all-time highs with uptrend intact Risk-on. The S&P 500 has surpassed the January all-time high, staying above this level for over a week. What's more important is the 5-month uptrend remains intact and cyclical/risk-on areas are reasserting their leadership status. Think technology, discretionary, and biotech/medical devices - all current overweights. At the same time, defensive areas have petered out in terms of relative strength, exactly what we want to see in a healthy bull market. Notwithstanding normal countertrend pullbacks, we expect to stay in the bull camp as long as ...

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