Where the Banking Index is ...

By: Marty Chenard | Mon, Aug 29, 2016
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As we commented last week, without a fully functional Banking system we would be in trouble ... and the economy and the stock market would be in trouble ... so, that makes the Banking group important.

The current Banking Index chart is below. Note that the Banking Index has risen above its channel's down trending. (Friday's tick was an up tick.)

The Banking Index's Accelerator moved higher in positive territory, and its Timing Indicator was at a high positive with merged trend lines.

So, conditions remain short term positive, but be careful as Institutional Investors may challenge the Fed this week.

Banking Index Daily Chart

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
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Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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