Posts filed under “Markets”

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

Philly_bank_index_305

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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