These two market moves would cause banks to 'skyrocket,' trader says $KBE (via TradingNation)
" on Thursday. "If it can break out of the top of that range, it's going to be very bullish for the entire group.""If the yield on thecan break above its summer highs or its highs of just a few weeks ago of 1.9%, that's going to be very, very bullish. The [algorithms] are going to kick in. The group is going to skyrocket," said Maley.
Nancy Tengler, chief investment strategist at Tengler Wealth Management, emphasizes stock picking when sifting through the banking stocks. "It matters what you own in the bank sector. So, for financials we're market weight but most of our weighting is outside of traditional banking," Tengler said during the same segment. "We own
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