Financial MIRV

Gambler strikes: RY $80, XLF $30. Lots of targets in this sector. Avoid ones hitting support such as SIVB. Zion is an example of the mondo topping patterns in small and regional banks that haven't busted yet.

Doomed Banks

As I've said with other bank posts, most of these patterns repeat over and over. Not every example is included. I'm barely into the As and I've already seen several that looks like ABCB.

For ETFs, I like the KRE April 14 $68.50 put for ultra aggressive speculators (if you like taking 100-percent losses in pursuit of 500-percent or more gains) expecting an immediate drop and the KBE May 20 $50 put for those who are highly aggressive. More charts after the jump below.

Banks On The Line Again

All of these charts are from the SPDR Regional Banking ETF (KRE). The performance of KRE vs SPY tracks closely with the 10-year yield.

Some of the more interesting charts. I went through them alphabetically. There are more holdings with similar patterns, but i didn't want to make the list too long.