The Banking Index ($BKX) ...

By: Marty Chenard | Fri, Oct 21, 2016
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The Banking Index closed at 73.49 with an up tick and with the 30 day C-RSI at a good positive level of +8.15. The Accelerator was in positive territory while technically in a medium term down trending posture with a short term up tick. The Timing Indicator was in positive territory with a shift back to upside trending.

Take a look at the second graph from the top that shows the 30 day CRSI levelĀ  What is noteworthy is that the green support/resistance line show's that the CRSI is still above it.

Investors should keep an eye on the Banking Index because a healthy economy cannot move forward without the banking system being healthy as well.

Banking Index

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
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