• 3 hours Bejing's Sway In South China Sea Is Fading
  • 19 hours Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 22 hours Airbnb In Acquisition Mode Ahead Of IPO
  • 1 day Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 1 day Champagne Sales Slow As European Economic Worries Grow Louder
  • 2 days Putin Signs “Digital Iron Curtain” Into Law
  • 2 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 2 days Tesla Looks To Jump Into Indian Market
  • 2 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 3 days Homeowners Experiment With Risky New Investment Trend
  • 3 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 3 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 3 days Ford CEO Gets Raise After Massive Layoff Round
  • 4 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 4 days Where To Look As Gold Miners Inch Higher
  • 5 days Google Faces Billions In Fines From European Regulators
  • 5 days The Energy Industry Has A Millennial Problem
  • 6 days Russian Banks Scramble For Sanction Loopholes
  • 6 days Gold ETFs Take A Hit After Four-Month Run
  • 7 days European Union Takes Aim At Ten New Tax Havens
The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

  1. Home
  2. Markets
  3. Other

Potentially Dangerous is The Best Way to Describe The Banking Index Now ...

Today's chart is an update of last week's ($BKX) Banking Index. It did hold within its rising channel's support line last week. However there is concern for later because the support line was breached for two days before the Banking Index found its way back into the range.

Note that the Banking Index is in a consolidation pattern. The good and the bad is centering around its strength. The plus is that it is above its short term resistance line. The not so good is that it is negative and has been in a technical downtrend since July.

There is another plus, and that is that the Banking Index is above its support line. There is no room for serious deterioration now, so be very cautious during the coming days. (This chart and commentary is updated daily in our paid subscriber section)

Banking Index Chart

 

Back to homepage

Leave a comment

Leave a comment