by Chris Kimble | Oct 31, 2019 | Kimble Charting
How Banks perform in the long-term has historically been important to the S&P 500. Are Banks sending a spooky message to the S&P 500 this week? Could Be! This chart looks at the Bank Index (BKX) over the past 8-years. Since the lows in 2011, the index has...
by Chris Kimble | Oct 25, 2019 | Kimble Charting
One week ago, I wrote about the Bank Index (BKX) and the prospects for a breakout. Here’s an excerpt on why the banks are so important to the broader market: “One of the most important sectors of the stock market is the banking industry and bank stocks. When the banks...
by Chris Kimble | Oct 17, 2019 | Kimble Charting
One of the most important sectors of the stock market is the banking industry and bank stocks. When the banks are healthy, the economy is likely doing well. And when bank stocks are participating in a market rally, then it bodes well for the broader stock market. In...
by Chris Kimble | Oct 15, 2019 | Kimble Charting
Bank earnings could go a long way to impacting the broad market in a big way this week. Wells Fargo, Goldman Sachs, Bank Of America, JP Morgan, Morgan Stanley all announce earning the next couple of days. As these earning announcements are to take place, the Bank...
by Chris Kimble | Sep 10, 2019 | Kimble Charting
The Bank Index BKX has been trading in a downtrend since early 2018. And it has been underperforming the broad stock market indices as well. Is the bad news for banks stocks about to end? Stock market bulls sure hope so, as the stock market tends to be on stronger...
by Chris Kimble | May 17, 2019 | Kimble Charting
Quality bull markets prefer to see Banks stronger than the broad markets or at least keeping up with it. Concerns often crop up when banks reflect relative weakness compared to the S&P. This chart looks at the Bank Index (BKX) over the past few years, reflecting a...
by Chris Kimble | Feb 27, 2019 | Kimble Charting
The ole saying “So Goes The Banks, So Goes Stocks” could be very accurate right now! This dual chart looks at the S&P 500 and the S&P/Bank Ratio on a weekly basis over the past 13-years. In 2011 and 2016 the S&P 500 and the ratio both faced...
by Chris Kimble | Feb 4, 2019 | Kimble Charting
The Banking sector often sends a very important message to the broad market. Banks are at a price point where they could send a very important message to the overall market. This 2-pack looks at the Banking Index (BKX) and the Equal Weight Bank Index (KBE) over the...