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Is It Wise To Trade The Trump Effect?

Is It Wise To Trade The Trump Effect?

President Donald Trump has an…

Tech Giants Rally Ahead Of Earnings Reports

Tech Giants Rally Ahead Of Earnings Reports

Earning season has just begun,…

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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The Banking Index ($BKX) ...

The Banking Index closed at 75.10 and with the 30 day C-RSI at a positive level of +12.04.

Sounds good except for the serious levels some of the other indexes are at. My recommendation? Be extra cautious and extra careful at this juncture.

(Investors should keep an eye on the Banking Index because a healthy economy cannot move forward without the banking system being healthy as well.)

Banking Index Daily Chart

 

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