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

Posted By Barry Ritholtz On March 21, 2005 @ 12:56 pm In Markets | Comments Disabled

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

Philly_bank_index_305 [1]

Source: Technimentals [2] 

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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Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/03/chart-of-the-week-philadelphia-kbw-banks-index-bkx/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/philly_bank_index_305.jpg

[2] Technimentals: http://www.technimentals.com/research/index.php

[3] Uranium Becomes The New Hot Commodity : http://www.ritholtz.com/blog http://online.wsj.com/article/0,,SB111104639443682166,00.html

[4] Oil Companies Reap Cash Windfall From Price Surge : http://www.ritholtz.com/blog http://online.wsj.com/article/0,,SB111109232516782746,00.html

[5] Not Exactly Major League : http://www.economist.com/world/na/displayStory.cfm?story_id=3773191

[6] ’COPYRIGHT LAWS THEORY OF THE CONSUMER: http://www.bc.edu/schools/law/lawreviews/meta-elements/journals/bclawr/44_2/05_TXT.htm

[7] Real estate fueled Kmart takeover of Sears: http://www.ritholtz.com/blog http://www.suntimes.com/output/business/cst-fin-sears21.html

[8] Young Frankenstein’s Memoir: http://www.msnbc.msn.com/id/7230291/site/newsweek/

[9] Larry Bird: http://www.larrybird.com/stats.html

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