• 256 days Will The ECB Continue To Hike Rates?
  • 257 days Forbes: Aramco Remains Largest Company In The Middle East
  • 258 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 658 days Could Crypto Overtake Traditional Investment?
  • 663 days Americans Still Quitting Jobs At Record Pace
  • 665 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 668 days Is The Dollar Too Strong?
  • 668 days Big Tech Disappoints Investors on Earnings Calls
  • 669 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 671 days China Is Quietly Trying To Distance Itself From Russia
  • 671 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 675 days Crypto Investors Won Big In 2021
  • 675 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 676 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 678 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 679 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 682 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 683 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 683 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 685 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

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