by Chris Kimble | Oct 30, 2023 | Kimble Charting
For this first time in his tenure as JPMorgan Chase president, Jamie Dimon sold some shares on Friday. Does he know something that we should know? Are bank stocks in trouble?? Well, it’s time to look at the banks… above is a “weekly” chart of the Bank Index (BKX). As...
by Chris Kimble | Jul 10, 2023 | Kimble Charting
It’s always nice to see bank stocks leading the market higher… but it doesn’t always work out that way. Which is why we always let the price action (and patterns) dictate our investment choices. For most of my career, though, bank stocks have liked rising interest...
by Chris Kimble | May 12, 2023 | Kimble Charting
The stock market is stuck in neutral, with several sectors failing to keep up. Call it a lack of leadership. One key sector that has really been struggling is banking. And let’s just say that the economy needs healthy banks and a healthy financial sector. Today’s...
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 | Sep 2, 2021 | Kimble Charting
Investors understand the importance of banks to the economy and the broader market. And since bottoming with the coronavirus crash, the $BKX Bank Index has more than doubled. BUT, this year has seen the Bank Index slow its roll – see point (1) on the $BKX “weekly”...
by Chris Kimble | Mar 17, 2021 | Kimble Charting
While the 2008 Financial Crisis may be tucked neatly away in history, the devastating blows that the banks took in 2008 still linger today. This is evident by how severely bank stocks have lagged the broader stock market since the Financial Crisis low in 2009. But not...
by Chris Kimble | Sep 14, 2020 | Kimble Charting
The saying “So Goes The Banks, So Goes The Broad Market” is about to experience a big-time test! This chart looks at the Bank Index (BKX) on a monthly basis over the past 8-years. Since 2015 the 78 price zone, reflected by line (1), has been tested as...
by Chris Kimble | Jun 12, 2020 | Kimble Charting
Are Banks going to end the month with a large bearish pattern just below dual resistance? Possible, yet the month is far from over! This chart looks at the Bank Index (BKX) on a monthly basis. The rally this month took it up to test its 61% retracement level and old...