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Stocks Fail to Hold Gains, But Still No Correction

Stocks Fail to Hold Gains, But Still No Correction

The U.S stock market indexes…

GLD May Not Yet Be Ready To Break Out

GLD May Not Yet Be Ready To Break Out

While I have gone on…

One Belt, One Road, One Direction for Precious Metals

One Belt, One Road, One Direction for Precious Metals

China's launch several years ago…

Caution Update ...

Well, the Banking Index (the BKX) is holding its up trending and support for now, but its longer term trend is showing a down trending channel.

The pressure is on with the 30 Relative Strength reading coming in at 50.54 (or 00.54 on our CRSI indicator).

At the same time, the Accelerator and the Timing indicator are showing down moves, so we could see trouble at this time. Be very careful now.

Banking Index

 

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