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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…

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Banking Index Update

The current Banking Index chart is posted below.

The Banking Index closed at 71.78 with the 30 day C-RSI at a positive level of +9.09 (a good positive).

The Accelerator was positive but with another down tick and showing stress. The Timing Indicator was in positive territory with a down tick and showing a downside crossover. Both conditions raise risk levels and are showing "a caution condition".

Banking Index Daily Chart

 

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