by Chris Kimble | Mar 31, 2023 | Kimble Charting
Our banking system is at the heart of our economy and an integral sector within the stock market. So the latest news about regional banks struggling has investors a bit shook up. Today’s long-term “monthly” chart of the Banking Index (BKX) underscores...
by Chris Kimble | Apr 23, 2021 | Global Dashboard, Kimble Charting
Banks and financial stocks are at the heart of every economy and play an important role in bull markets. While they may stumble or lag the broader stock market, they are always on the radar of macro investors. A breakout or steady up-trend (on any time frame) is a...
by Chris Kimble | May 12, 2020 | Kimble Charting
As we’ve written several times before, the banks / financials are an important sector in the stock market and economy. So it goes without saying that when bank stocks are in an up-trend and/or performing in-line, that it’s a good indicator for the broader stock market...
by Chris Kimble | Apr 29, 2020 | Kimble Charting
A healthy banking system is the hallmark of a growing economy. So when back stocks turn “south”, investors should tune in. Like the broader stock market indices, the Bank Index (BKX) crashed in March before bouncing back into April. That bounce has the Bank Index...
by Chris Kimble | Apr 17, 2020 | Kimble Charting
Is our banking system about to send us one of the most important messages in the last two decades? Joe Friday says,”Absolutely yes!!!” The top chart looks at the Banking index (BKX) over the past 25-years. The 60-65 price zone is represented by line (1)....
by Chris Kimble | Apr 16, 2019 | Kimble Charting
Banks in the states (BKX Index) have little to brag about over the past year, as they are have underperformed the S&P 500 by nearly 14%. European banks have even less to brag about, as EUFN ETF has lagged the BKX index for the past 7-years! Is the underperformance...
by Chris Kimble | Feb 20, 2019 | Kimble Charting
The bank sector is a good indicator of the health of the broader stock market. Bulls like to see the banks in a leadership role because it indicates that the economy is doing well. But when they begin to lose momentum and underperform, it often leads to pullbacks and...
by Chris Kimble | Dec 14, 2018 | Kimble Charting
This chart looks at the Bank Index (BKX) over the past 25-years on a monthly basis, reflecting that currently, the 9-year trend in the index remains up. The index may have created a double top this year, at the same level the financial crisis started unfolding back in...
