by Chris Kimble | Jul 12, 2017 | Kimble Charting
Over the past several weeks, select cyclical sectors have started to perk up. From Industrials to Transports to Financials to Materials, all have seen strength. This is good news for investors, as this could signal a fresh leg higher for stocks. Today, I’d like to...
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 | Apr 19, 2017 | Kimble Charting
“Buy these 50 stocks and that’s all you need” to get rich. That was the early 1970’s as the stock market bounced back from a deep correction to make new highs (point 1 on the chart below). Those 50 stocks were dubbed the “Nifty 50“ and investing in them felt like a...
by Chris Kimble | Mar 29, 2017 | Kimble Charting
The S&P 500, Banks, Small Caps and Transportation indices continue to climb higher, as the long-term trend remains up. The two charts below, look at performance over the past month and how each index is testing long-term breakout levels. The chart below looks at...
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,...
by Chris Kimble | Dec 8, 2016 | Kimble Charting
Most quality rallies in stocks, have historically seen banks come along for the ride. Up until a couple of months ago, Banks had been a disappointment to many, as they had lagged the broad market for the prior 18 months. Below looks at the Bank Index (BKX) over the...
by Chris Kimble | Oct 16, 2013 | Kimble Charting
CLICK ON CHART TO ENLARGE The chart below reflects how strong the banks were from 2000 to 2007, gaining 58%, while the S&P 500 was flat during that time period….in hindsight the S&P 500 was creating a large “Double Top!” So Goes the...