MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs Stock Forecast

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Despite the ongoing banking crisis, leveraged cryptocurrency, gold mining and FANG+ ETFs gained last week.

Two new Breakout Stocks for Week 12 with better than 10% short-term upside with ETFs and a Dow 30 Pick. Average cumulative returns for 2023 are +37.3% YTD. The Momentum Gauges® continue negative in bear funds from Mar 7th led by BNKD +65.7%. EGO peaked at +8.3% gains for members.

Given the half-million outflow and deteriorating fundamentals, the appeal for financial ETFs, especially banks, has dulled. As a result, investors bearish on the sector right now may want to consider a near-term short.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Last week was the worst for Wall Street this year as bank shares caused a catastrophe in the market after SVB Financials' efforts to raise capital triggered concerns about the sector's health.

SIVB had a very concentrated deposit base, which made it particularly prone to a deposit run due to the correlated nature of the demand for liquidity among its key clients. Also, the bank's asset management in response to higher interest rate was sub-optimal.

Two new Breakout Stocks for Week 11 with better than 10% short-term upside and Dow 30 Picks. Average cumulative returns for 2023 are +37.6% YTD. The Momentum Gauges® continued negative with bear funds in the Active ETF with over 17% gains this week. SUP peaked at +20.9% for members.

As we have outlined over the last year, the larger banks are not as strong as we are led to believe. There are many other issues that have yet to come to light regarding various banks.

Financial sector has underperformed last week on mixed earnings.