"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 5 hours Institutional Investors Hold A Lot More Crypto Than You Think
  • 6 hours U.S. Treasury Yields Could Be About To Break Out
  • 7 hours Tesla Stock Stumbles On Model 3 Cancellations
  • 8 hours Yuan Rebounds At The Expense Of The U.S. Dollar
  • 10 hours Iraq Unplugged: No Internet, No Protests, No Money
  • 12 hours The Tariff War Could Spark A Debt Crisis In China
  • 1 day Gold Selloff Continues As Dollar Climbs Higher
  • 1 day Gold Investors In A Frenzy Over Sunken Russian Warship
  • 1 day The New King Of Electric Cars
  • 1 day BlackRock Goes Bitcoin
  • 1 day U.S. Banks See Best Earnings Report In Years
  • 1 day The Case For Gold Is Not About Price
  • 2 days Stock Market Sentiment Turns Bullish
  • 2 days What Is Bitcoin Really Supposed To Be?
  • 2 days The Surprising Media Giant Taking On Netflix
  • 2 days Cybersecurity Stocks Are Red-Hot As Election Looms
  • 2 days Americans Grow Weary Of U.S. Trade Policy
  • 2 days What Putin Really Wants From Trump
  • 2 days Europe’s EV Sales Growth Is Slowing
  • 3 days The Looming "Hyper-War"
Stock Market Sentiment Turns Bullish

Stock Market Sentiment Turns Bullish

Quarterly earnings reports have lifted…

3 Reasons Small-Cap Stocks Are Booming

3 Reasons Small-Cap Stocks Are Booming

As major market indexes waiver,…

Chinese IPO Fervor Slows As Xiaomi Disappoints

Chinese IPO Fervor Slows As Xiaomi Disappoints

The Chinese IPO space was…

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

Watch the Banking Index ($BKX) ...

On a number of past occasions we have mentioned that a healthy economy cannot move forward without the banking system being healthy.

That is why we are publishing the Banking Index chart today as seen below.

When you look at the price chart, you will notice a bright red support line and that is an important pivot point where the index was at yesterday's close.

There is some hope when you look at the 30 RSI part of the chart as it was still positive and close to a support line. The not so good indicators are the Accelerator which is weakening and the Timing indicator which is positive buy showing a discernable drop in its rate of acceleration, so keep an eye on this index today and next week.

Banking Index

 

Back to homepage

Leave a comment

Leave a comment