by Chris Kimble | Oct 6, 2018 | Kimble Charting
We did an earlier chart reflecting that home builders are diverging similar to 2007. Housing is a critical component to the economy and stock market, as we found out a decade ago. And unfortunately, current housing market concerns don’t end there. There are several...
by Chris Kimble | Jun 29, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart above looks at JP Morgan (JPM) over the past 16-years. JP Morgan has been done very well since the 2009 lows, as its gains have surpassed the S&P 500 and Banks overall by a large percent (See Chart below). We applied Fibonacci...
by Chris Kimble | Jun 1, 2018 | Kimble Charting
During the stock market correction and current consolidation, we have received several mixed signals and indicators. The Dow Jones Industrials, Nasdaq, Banks, and Semis all hit key long-term resistance in early 2018 and pulled back. This isn’t necessarily bearish, but...
by Chris Kimble | May 31, 2018 | Kimble Charting
The banks always play a major role in the performance of the broader stock market indexes. On the bullish side of the ledger, the banking sector gives confidence to markets when it is outperforming or performing in line. On the bear side of the ledger, look no further...
by Chris Kimble | Feb 8, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart above looks at the Bank Index over the past 13-years. In 2007 at (1), the index created a topping pattern, prior to the financial crisis and its 80% decline over the next couple of years. The rally in banks over the past 7-years...
by Chris Kimble | Jan 30, 2018 | Kimble Charting
Banks started showing cracks back in 2007 and before long they started breaking support and fell hard. The current bank trend remains UP at this time. The trend finds itself back at 2007 highs, where bulls would NOT want to see selling pressure start taking place!...
by Chris Kimble | Nov 14, 2017 | Kimble Charting
What banks do in the states can impact banks in Europe. The opposite is also true, what banks do in Europe, can send important messages to banks in the states. Below looks at European Bank ETF (EUFN)- CLICK ON CHART TO ENLARGE In our humble opinion, weakness of late...
by Chris Kimble | Oct 24, 2017 | Kimble Charting
Some question if “Pigs Can Fly.” I don’t know if they can or can’t, of late though, Piggy Banks are flying high and breaking out. We have highlighted positive bank patterns of late and three weeks ago we shared that the banking sector was...