LiveTrades Sector Update – Regional Banks $FITB $ZION $OSBC

Home » Trader & Analyst Interviews » LiveTrades Sector Update – Regional Banks $FITB $ZION $OSBC

In this episode of LiveTrades.TV Sector Update we take a look at Regional Banks including $FITB $ZION and $OSBC.

LiveTrades featured traders, Anthony Verdone and CJ Agresta discuss their thoughts on the where this sector may be headed.

To follow Anthony’s trades and charts please visit his profile on under @WeeklyTrade.

To follow CJ’s trades and charts please visit his profile on under @trusttheprocesstrading

US Regional Banks- Morningstar’s Regional Bank Index shows a 15% gain since bouncing off the bottom of a nine-month basing pattern on September 8th. The index cleared major resistance near the 1920.00 level this past Wednesday and quickly ran into the next area of resistance Friday near 1985.00, which marks the all-time high. Interestingly, this chart is nearly identical to the Russell 2000 chart, IWM, which broke out decisively to all-time highs this week. A sign of things to come for the sector? Read more of CJ’s report – click here.

Forward Looking Statements

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Mike Elliott


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Author: CJ Agresta


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