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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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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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