• 5 days Has Bitcoin Stopped Bleeding? Some Analysts Seem To Think So
  • 6 days Amazon ‘Competitor’ Charged With Crypto Fraud Scheme
  • 7 days China’s Road To Tech Independence
  • 12 days 3 Major Bearish Catalysts For The U.S. Economy In 2022
  • 14 days VR Industry Boomed During Holiday Season
  • 14 days 3 Global eCommerce Brands Have Overtaken Amazon
  • 16 days Another Banner Year for Billionaires
  • 20 days Top 3 Predictions For Bitcoin In The New Year
  • 21 days China Moves To Tighten Rules For Companies Looking To List Abroad
  • 22 days Fake Reviews Go All The Way To The Top
  • 29 days Airlines Want The Government To Ditch Emergency Testing For Covid-19
  • 29 days The Service Robot Industry Is Booming
  • 34 days The 3 Biggest Market Risks In 2022
  • 37 days Fintech Valuations Have Grown Red-Hot
  • 40 days Business Opportunities In the New Metaverse
  • 41 days Cryptocurrency Markets Have Gone Amok, Again
  • 42 days Wall Street Speaks: No 10% Correction for Markets
  • 43 days Top 3 Stocks To Play The Santa Claus Rally
  • 44 days DIDI Delisting Is A Worrying Sign For Investors Holding Chinese Stocks
  • 49 days Stocks Tumble After Moderna Chief Warns Existing Vaccines Could Be Less Effectiv
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 Update

At the close yesterday, the Banking Index showed strength but short term weakness.

The pluses were that the Accelerator and Timing indicator were in positive territory.

The minuses were that the Accelerator had a cross-over down tick, so some fatigue has come in. The Relative Strength pulled back (short term softness), while the RSI was still at a strong +11.18. (Typically, a high reading on the RSI can pull back and resume the upside afterwards.

Remember that Monday is a Holiday and the market is closed. Enjoy, and stay safe.

Banking Index

 

Back to homepage

Leave a comment

Leave a comment