• 322 days Could Crypto Overtake Traditional Investment?
  • 327 days Americans Still Quitting Jobs At Record Pace
  • 328 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 332 days Is The Dollar Too Strong?
  • 332 days Big Tech Disappoints Investors on Earnings Calls
  • 333 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 334 days China Is Quietly Trying To Distance Itself From Russia
  • 335 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 339 days Crypto Investors Won Big In 2021
  • 339 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 340 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 342 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 342 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 346 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 347 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 347 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 349 days Are NFTs About To Take Over Gaming?
  • 350 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 353 days What’s Causing Inflation In The United States?
  • 354 days Intel Joins Russian Exodus as Chip Shortage Digs In
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  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