• 2 days Ireland Balks At Biden’s Global Tax Plan
  • 5 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 9 days Facial Recognition Is Watching You
  • 10 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 10 days The Fed’s $3 Trillion Headache
  • 13 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 13 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 14 days Delta Variant Real Threat To Economic Recovery
  • 17 days JEDI Drama Continues With Microsoft Contract Cut
  • 19 days DiDi Shares Take a Beating From Chinese Regulators
  • 20 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 20 days Jobs Report Has Big Numbers, But Still Big Problems
  • 21 days Robinhood’s ‘Mission’ Questioned in $70M Fine
  • 24 days Didi Just Went Public, And Uber Is Loving It
  • 25 days Islamic Finance On Track To Hit $3.7 Trillion
  • 26 days The Lumber Bubble Is Bursting
  • 30 days A New Entry In The Two Trillion Dollar Club
  • 30 days 3 Upcoming IPOs To Watch As IPO Market Rebounds
  • 32 days Welcome To The Used Car Bonanza
  • 33 days The Year Of The Retail Investor Keeps Getting Bigger
Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

Contact Author

  1. Home
  2. Markets
  3. Other

Banking Index

The Banking Index (the BKX) is still showing a very high risk profile, especially after the approved Brexit vote.

Last Monday we said: "The market will be about the Brexit vote this week, so be very careful."

The downside pressure has increased with the CRSI coming in at a negative -8.04 last Friday. The Fed will try to mitigate the market's downside pressure today and tomorrow, so we could see some whipsawing. (Tuesday could be an important day on the VIX, so keep an eye on it.)

Banking Index

 

Back to homepage

Leave a comment

Leave a comment