Chart of the Week: Philadelphia KBW Banks Index (BKX)

Monthly momentum (blue circle) is turning down for the first
time on the Bank Index since 2001.

Philadelphia KBW Banks Index (BKX)
click for larger chart


Source: Technimentals 

The BKX Index tested its previously broken trend line on
Friday and held those lows. Any break below Friday’s low (97.59)
would turn the short-term trend back down as well.


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Quote of the Day:

"A winner is someone who recognizes
his God-given talents, works his tail off to develop them into skills, and uses
these skills to accomplish his goals."
Larry Bird

What's been said:

Discussions found on the web:
  1. The Nattering Naybob commented on Mar 23


    Just take a look at the RKH (Regional Bank Holders), if you think its seen a pullback, wait till later this year, its really going to get beat like drum.

    Mr. Naybob

  2. Rico Maraldi commented on Jun 27

    a house is not a home

    Chart of the Week: Ph…

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