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 17, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE The above chart reflects a ratio I created a few years ago for Premium Members. The blended ratio has been awesome for picking major highs and lows in the banking industry. I then apply a unique relative momentum index to the blended...
by Chris Kimble | Apr 17, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Goldman Sachs has really struggled with resistance line (1) over the past few years, topping out, creating a series of lower highs and bearish rising wedges….resulting in pretty steep declines. Now GS is back at line (1) again and has...
by Chris Kimble | Mar 11, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Bank strength is usually a good sign for the economy and broad market. The above 4-pack reflects a break of multi-year resistance breakout in JP Morgan (JPM). Now Bank of America (BAC) and Citigroup (C) are attempting to follow...
by Chris Kimble | Jan 18, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE “So Goes the Banks, So Goes the Broad market” was pretty true in the window from 2007- 2009 as they both went down together. Last year this quote seemed to apply, as Banks were a leading sector and the broad market did well...
by Chris Kimble | Jan 14, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE Key Banks are all up against multi-year resistance lines at (1) above. The chart below reflects that some banks did very well compared to the S&P 500 in 2012. CLICK ON CHART TO ENLARGE If this phrase is correct ( So Goes the Banks,...
by Chris Kimble | Jan 12, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Goldman has been moving higher since its low back in July of 2009. It started moving higher around 60 days before the broad market did. Is this stock a leader to the broad market? If so, what GS does at (2) could very much have...
