by Chris Kimble | Jun 8, 2020 | Kimble Charting
Is a major bank in the states about to send the broad market a bullish message? If it breaks out at (2), it will! JP Morgan struggled to break above resistance for nearly 18-months, as it keep kissing the underside of line (1). Once it succeeded in breaking out, it...
by Chris Kimble | Mar 6, 2020 | Kimble Charting
By now you are most likely aware that the S&P 500 just experienced its quickest 10% decline in its history. Did this decline break long-term rising channels? Check out the 3-pack above. This 3-pack takes a monthly look at the Bank Index (BKX), JP Morgan (JPM) and...
by Chris Kimble | Jul 24, 2019 | Kimble Charting
Is JP Morgan creating a pattern which is suggesting much higher prices? It could be! This chart looks at JP Morgan (JPM) on a weekly basis over the past 5-years. The chart itself comes from MarketSmith, a service provided by Investors Business Daily. Over the past...
by Chris Kimble | Jul 17, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The long-term trends for the S&P 500 and JP Morgan remain up. Despite the trends being up, both have made little upward progress over the past 6-months? Any reason why they have struggled to move higher? One technical reason could be a...
by Chris Kimble | Apr 6, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE This chart looks at the Bank Index over the past 17-years on a monthly basis. The index has remained inside of a bullish rising channel (A) since the lows in 2011. The rally over the past 7-years took it to the top of this channel and back to...
by Chris Kimble | Mar 24, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The 2-pack above looks at the KBW Bank Index on a long and short-term basis. The chart on the left looks at the index on a monthly basis over the past 12-years. The rally over the past couple of years brought banks back to where they peaked...
by Chris Kimble | Feb 8, 2018 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart above looks at the Bank Index over the past 13-years. In 2007 at (1), the index created a topping pattern, prior to the financial crisis and its 80% decline over the next couple of years. The rally in banks over the past 7-years...
by Chris Kimble | Oct 24, 2017 | Kimble Charting
Some question if “Pigs Can Fly.” I don’t know if they can or can’t, of late though, Piggy Banks are flying high and breaking out. We have highlighted positive bank patterns of late and three weeks ago we shared that the banking sector was...
