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 | 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 | 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,...