• 4 hours Big Tobacco Just Can’t Catch A Break
  • 10 hours Saudi Arabia's Richest Are Being Forced To Buy Aramco
  • 2 days Silver Steadies Following Wild Week In Precious Metals Markets
  • 2 days Gold On The Rise After Fed Rate Cut
  • 2 days $5 Million Gold Toilet Vanishes
  • 2 days Oil Trader Loses $320 Million On Derivative Bets
  • 3 days S&P 500 Officially In An Earnings Recession
  • 3 days Miners Are Weathering The Trade War Storm
  • 3 days UK Credit Card Interest Rates Are Skyrocketing
  • 4 days From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
  • 4 days Are Smart TVs Spying On Us?
  • 4 days Is Fossil Fuel Divestment A Waste Of Time?
  • 5 days A Russian Billionaire’s Space Quest To Save Humanity
  • 5 days Markets Take Breather As Consolidation Continues
  • 5 days Economic Woes Weigh On Copper Prices
  • 6 days World's Largest IPO At Risk Following Drone Strikes
  • 6 days Gold Is Beating Buffett’s Berkshire Hathaway
  • 6 days What’s Behind The Silver Sell-Off?
  • 6 days The Retail Apocalypse Is Accelerating
  • 7 days The Top Tech Stocks Of The Year
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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