Here's what traders should do now.
A number of insiders are giving a nice vote of confidence as worries about the banking system have spiked.
How can we place an accurate value on any individual financial institution right now?
Is UBS Group AG a white knight or something else? Let's check the charts and take a gut check.
Let's take a close look at the KRE, the SPDR S&P Regional Banking ETF.
As my late banker father liked to quip during these types of financial hiccups: 'There is never just one cockroach.'
Intel seems trapped in a range, and the ETFs continue to trade beneath important moving averages.
The current situation is reminiscent of 2008, when Citigroup traded at about $1. Let's look how that's played out.
Shares of the regional bank holding company were recently cut in half.
Here's why we raised our net long equity exposure in a relatively meaningful way.