• 3 hours Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 1 day How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 1 day America’s Shortage Of This Metal Keeps Trump Up At Night
  • 2 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 2 days U.S. Auto Sales Fall By 75%
  • 3 days Violating Quarantine? Big Brother Is Watching
  • 3 days Does Gold Still Have Some Room To Run?
  • 3 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
  • 4 days U.S. Pushes For Digital Currency For Immediate Stimulus
  • 4 days The Impossible Challenges Created By Growing Population
  • 4 days Gold Skyrockets After Fed Pledges "Unlimited" Cash To Boost Economy
  • 5 days World’s Richest Lose $1 Trillion In Stock Market Rout
  • 5 days Gas Stations Shut Down In Venezuela As Coronavirus Crisis Intensifies
  • 5 days The Best And Worse Case Scenario For The U.S. Stock Market
  • 6 days 3 Industries Soaring During The Coronavirus Crisis
  • 6 days The Key To Commercial Hydrogen
  • 7 days Gold Still Beating Much Of The Market Despite Sell-Off
  • 7 days Gold Miners Struggle With COVID-19 Fallout
  • 8 days The Dollar Reigns Supreme In Times Of Crisis
  • 8 days The Most Exciting Green Startups To Watch In 2020
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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

Watch the Banking Index ...

The Importance of Banks ...

Without a fully functional Banking system we would be in trouble. The economy and the stock market would be in trouble.

And so, today we will look at the Banking Index ($BKX). Below is its chart that goes back to 2003. Note the peak high in 2007 and the peak low in 2009.  The drop from the peak was huge and our entire system was tested.

Since that bottom in 2009, we have been in an up trend because the Banking Index has made higher/highs and higher/lows.

And now we may be at a juncture where the up trending gets tested and/or we test the possibility of a Head & Shoulder pattern on the Index. So, be careful and keep an eye on the Banking Index.

Banking Index

 

Back to homepage

Leave a comment

Leave a comment