• 817 days Will The ECB Continue To Hike Rates?
  • 818 days Forbes: Aramco Remains Largest Company In The Middle East
  • 819 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,219 days Could Crypto Overtake Traditional Investment?
  • 1,224 days Americans Still Quitting Jobs At Record Pace
  • 1,226 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,229 days Is The Dollar Too Strong?
  • 1,229 days Big Tech Disappoints Investors on Earnings Calls
  • 1,230 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,232 days China Is Quietly Trying To Distance Itself From Russia
  • 1,232 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,236 days Crypto Investors Won Big In 2021
  • 1,236 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,237 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,239 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,240 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,243 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,244 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,244 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,246 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Is the Banking Index in Trouble?

This morning, we will post an update on the Banking Index. The market is looking more positive again, but it may well be only the amount of Inflowing Liquidity that is giving it wings. We shall see in the next few days.

So, let's get back to the Banking Index chart. The Relative Strength was slightly positive, the Inflowing Liquidity was neutral, and the Timing Indicator was negative and showing less acceleration to the downside. The net was a mixed condition yesterday, in spite of the general market's up movement in the past few days. This opens up a future formation possibility of a Head & Shoulders pattern in the coming days.

Banking Index ($BKX) Day Chart

 


Note: This update of this chart is posted everyday on our regular subscriber site.

P.S. We are now offering a FREE 10 Day Trial to our complete Advanced Investor Subscription with this and over 20 charts and analyses: Click Here for more information.

 

Back to homepage

Leave a comment

Leave a comment