by Chris Kimble | May 5, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE So Goes the Banks, So Goes the Broad Market? Well… this is not a perfect analogy, yet more often than not, what banks do (strong or weak) does seem to have an important impact on the broad markets. The above 3-pack reflects that...
by Chris Kimble | Apr 8, 2014 | Kimble Charting
CLICK ON CHART TO ENLARGE If you own Bio Tech or Social Media stocks of late, its been a bumpy ride (-15%+). However, if you own the banks they have held up well compared to some hard hit sectors. The above charts reflect that the Bank Index and Regional Bank...
by Chris Kimble | Dec 6, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE The KBW Banking index is nearing a price zone that has been key to it as support and resistance for over a decade. The Financial ETF (XLF) finds itself at the 50% Fibonacci recovery price of the 2007-09 Financial crisis Both of these key...
by Chris Kimble | Oct 16, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart below reflects how strong the banks were from 2000 to 2007, gaining 58%, while the S&P 500 was flat during that time period….in hindsight the S&P 500 was creating a large “Double Top!” So Goes the...
by Chris Kimble | Sep 23, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart below reflects how strong Financials have been over the past year, as XLF is up 80% more than the S&P 500 and Citigroup is even stronger, up over 150% more than SPY. The chart above reflects that XLF & Citigroup both created...