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 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 | Aug 30, 2019 | Kimble Charting
In the past 5-weeks, 10-Year Yields have declined 26%, 5-year yields are down 24% and 2-year yields are down 17%. Is there more of a decline in yields to come? How would stocks react if yields rally off support? Could bank start reflecting relative strength if yields...
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 | 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 | Mar 20, 2019 | Kimble Charting
The financial / banking sector is often a good barometer of the economy and broader stock market. So when the Bank Index (BKX) began to lag late last summer, it was an early warning sign for investors. Looking at the chart below, we can see that the banks spilled...
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...