The Banking Index ($BKX) …

TweetThe 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 […]

Watch the Banking Index ($BKX) …

TweetWatch 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 […]

the Banking Index has three important levels to move past

TweetAs you know, the economy and a strong Banking system go together. Today, we posted the updated Banking Index chart of the $BKX. When you look at the chart, look at the pricing bars and note how the daily price bars made a lower/high in November-December of 2015 and then a lower/low in January-February of […]

The Banking Index’s big picture …

TweetThe Banking Index‘s big picture … Today we are showing a Point & Figure chart of the Banking Index. What I would like you to note is the thick blue trend lines from 2007 to now.  That is a triangular formation and it should break out of the converging resistance and support lines very soon. […]

Banking Index in a very high risk up condition

TweetThe Banking Index closed at 72.24 with the C-RSI at a good positive level of +9.45.  The Accelerator was in positive territory technically down trending but with a higher fast tick yesterday.   The Timing Indicator was in positive territory with a Down tick again and showing a downside crossover.   The Banking Index was in a […]

BKX showing short term weakness that needs to be worked out

TweetAt the close yesterday, the Banking Index showed strength but it was also showing short term weaknessthat needs to be worked out. The Accelerator was in high positive territory but also showing some weakness coming in. The medium term plus is that the RSI was positive and above its 5 month support line. ___________________________________________  

the Banking Index showed strength but short term weakness.

TweetAt the close yesterday, the Banking Index showed strength but short term weakness. The pluses were that the Accelerator and Timing indicator were in positive territory. The minuses were that the Accelerator had a cross-over down tick, so some fatigue has come in.   The Relative Strength pulled back (short term softness), while the RSI was […]

An Update on the Banking Index …

TweetThe Banking Index closed at 71.61 with the C-RSI at a good positive level of +10.43   The Banking Index was above its support line and its Accelerator was positive with an up tick.   The Timing Indicator was in positive territory and merged+.   The Banking Index was in a high risk up condition that started March […]

Be sure to keep a careful eye on the Banking Index. Here is why …

TweetAs we commented last week, without a fully functional Banking system we would be in trouble … and the economy and the stock market would be in trouble … so, that makes the Banking group important. The current Banking Index chart is below.  Note that the Banking Index has risen above its channel’s down trending.  (Friday’s […]

The Importance of the Banking Index

TweetThe Importance of Banks … Without a fully functional Banking system we would be in trouble.  The economy and the stock market would be in trouble. And so, today we will look at the Banking Index ($BKX).    Below is its chart that goes back to 2003.  Note the peak high in 2007 and the peak low […]