During the last 60 days, financial stocks have done well. And during that time, the regional banks have been stellar performers, out-producing larger banks and the broad market by a large percentage. From a risk-on stock perspective, seeing large and regional banks do well has historically been a positive sign.
KRE
KRE has remained inside of bullish rising channel (1) for the past few years. Once it broke out at (2), buyers rushed in.
KRE is facing a key breakout test at (3) above, the outcome of which will be important to the regionals and possibly to the larger banks as well.