• 759 days Will The ECB Continue To Hike Rates?
  • 759 days Forbes: Aramco Remains Largest Company In The Middle East
  • 761 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,161 days Could Crypto Overtake Traditional Investment?
  • 1,165 days Americans Still Quitting Jobs At Record Pace
  • 1,167 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,170 days Is The Dollar Too Strong?
  • 1,171 days Big Tech Disappoints Investors on Earnings Calls
  • 1,172 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,173 days China Is Quietly Trying To Distance Itself From Russia
  • 1,174 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,178 days Crypto Investors Won Big In 2021
  • 1,178 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,179 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,181 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,181 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,185 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,185 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,185 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,188 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

  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