by Chris Kimble | May 12, 2020 | Kimble Charting
As we’ve written several times before, the banks / financials are an important sector in the stock market and economy. So it goes without saying that when bank stocks are in an up-trend and/or performing in-line, that it’s a good indicator for the broader stock market...
by Chris Kimble | Feb 20, 2019 | Kimble Charting
The bank sector is a good indicator of the health of the broader stock market. Bulls like to see the banks in a leadership role because it indicates that the economy is doing well. But when they begin to lose momentum and underperform, it often leads to pullbacks and...
by Chris Kimble | Dec 13, 2018 | Kimble Charting
Large and Regional banks have struggled this year, as both indices have declined nearly 15% in 2018. These declines have taken place as interest rates have been moving higher, which historically is positive for banks. The declines of late in Regional Bank ETF (KRE)...
by Chris Kimble | Oct 3, 2017 | Kimble Charting
Assets in rising trends often create what is called a “Bullish Flag” pattern. Below looks at the price pattern of Regional Banks ETF (KRE) over the past decade and highlights that a bull flag pattern could be in play. CLICK ON CHART TO ENLARGE Earlier this...
by Chris Kimble | Apr 21, 2017 | Kimble Charting
Regional and Large banks have done well since the election. Of late they have lagged the broad market and find themselves testing what could be very important support levels. Below looks at regional bank ETF (KRE). CLICK ON CHART TO ENLARGE KRE has experienced a rally...
by Chris Kimble | Mar 22, 2017 | Kimble Charting
90-days ago Joe Friday shared that if history was a guide, banks could under perform the broad market going forward. The chart below was shared on 12/23/16 (See Post Here). It highlighted that since the highs in 2007, when the Bank/SPY ratio became very over bought,...
