• 6 hours 2021 Could Be A Huge Year For Chinese Stocks
  • 1 day Shadowy Brokers Target Easy TikTok Money In New Scheme
  • 2 days Cannabis Sales Are Soaring In The United States
  • 3 days Biden Will Be A Boon For Solar Stocks
  • 4 days The Shroom Boom Is Here To Stay
  • 7 days The Gold Rally Has Finally Run Out Of Steam
  • 7 days Citibank Analyst Predicts $300k Bitcoin By End Of 2021
  • 10 days Bitcoin Lives Up To Its Safe Haven Status In A Big Way
  • 10 days 14 Million People Will Lose Unemployment Benefits On December 31st
  • 12 days Why 12 Million American Millionaires Isn’t Good News
  • 13 days Big Oil Is Paying The Price For Investing In Renewables
  • 14 days The Banking Industry’s $35 Billion Gravy Train Could Disappear
  • 15 days Did Amazon Just Democratize Prescription Drugs?
  • 16 days The Private Space Race Just Got Very Real
  • 18 days Short Sellers Are Willing Big In This Turbulent Market
  • 19 days SpaceX Gets Go-Ahead To Send Humans Into Space
  • 20 days Saudi Arabia Lost $27 Billion In Oil Crash
  • 21 days China’s Big Tech Takes A Hit As Regulators Crack Down
  • 22 days Black Friday Could Be Retailers’ Only Hope
  • 23 days Why You Should Not Dump Your Stay At Home Stocks Just Yet
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

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