• 1,049 days Will The ECB Continue To Hike Rates?
  • 1,049 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,051 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,451 days Could Crypto Overtake Traditional Investment?
  • 1,456 days Americans Still Quitting Jobs At Record Pace
  • 1,458 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,461 days Is The Dollar Too Strong?
  • 1,461 days Big Tech Disappoints Investors on Earnings Calls
  • 1,462 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,464 days China Is Quietly Trying To Distance Itself From Russia
  • 1,464 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,468 days Crypto Investors Won Big In 2021
  • 1,468 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,469 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,471 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,472 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,475 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,476 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,476 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,478 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

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

 

Back to homepage

Leave a comment

Leave a comment