by Chris Kimble | Sep 2, 2021 | Kimble Charting
Investors understand the importance of banks to the economy and the broader market. And since bottoming with the coronavirus crash, the $BKX Bank Index has more than doubled. BUT, this year has seen the Bank Index slow its roll – see point (1) on the $BKX “weekly”...
by Chris Kimble | Jul 7, 2021 | Kimble Charting
Financial and bank stocks have been lagging the broad market for the past month. While the S&P 500 is posting new all-time highs, the SPDR Financial Sector ETF (XLF) is trading below its highs. This chart comes from Marketsmith.com, by Investors Business Daily! So...
by Chris Kimble | Jun 18, 2020 | Kimble Charting
Are banks about to get fried? Sure could if current support fails to hold! This chart looks at Financial ETF (XLF) from Marketsmith.com on a weekly basis over the past 7-years. XLF has remained inside of bullish rising channel (1) for the past 5-years. Weakness took...
by Chris Kimble | Jun 9, 2020 | Kimble Charting
If Banks peak here would they send a caution message to the stock rally over the past couple of months? Yes! This chart looks at the Bank Index (BKX) on a weekly basis since the summer of 2012. Since the lows in July of 2012, the index has spent the majority of the...
by Chris Kimble | May 13, 2020 | Kimble Charting
Is the saying “So Goes The Banks, So Goes The Broad Market” true? Over the past 28-months, it does appear to be accurate! Banks started underperforming the S&P 500 in January of 2018 (28-months ago) at (1) in the upper left chart. This weakness from...
by Chris Kimble | May 11, 2020 | Kimble Charting
Is the Banking Index sending a caution message to stocks? It has for the past 28-months and it is experiencing a major resistance test of late! The Banking Index (BKX) started underperforming the broad market back in January of 2018, which created a negative...
by Chris Kimble | Apr 29, 2020 | Kimble Charting
A healthy banking system is the hallmark of a growing economy. So when back stocks turn “south”, investors should tune in. Like the broader stock market indices, the Bank Index (BKX) crashed in March before bouncing back into April. That bounce has the Bank Index...
by Chris Kimble | Apr 16, 2020 | Kimble Charting
S&P 500 Index (top pane) vs Bank Index to S&P 500 Ratio (lower pane) As most investors know, the banks play a big role in the overall economy. Healthy banks tend to mean a healthy economy and struggling banks tend to mean an uneven or faltering economy. In...
