Up Against The Wall

Up Against The Wall

BKX((KBW Bank Sector Index) is backing off today after Monday’s solid gains.  The ‘Wall’ near the $103.00 to $102.00 area continues to provide heavy resistance.  This extremely stubborn zone came into play at the early November highs and has capped...
Rally Ahead For Northern Trust?

Rally Ahead For Northern Trust?

Northern Trust’s solid Q1 earnings report on Tuesday sparked quite a surge in buying interest.  NTRS finished that session with a 4.4% gain on the heaviest upside trade of ’19.  Strong momentum the next day drove shares to their first close above the 200...
PNC Powers Higher

PNC Powers Higher

Big day for PNC financial, well, actually a huge day for financials/banks in general.  Then there was Wells Fargo… PNC closed out the week with an earnings driven 3% gain on very heavy trade.  This powerful breakout drove the stock past its declining 200 day for...
State Street Story

State Street Story

At the Christmas week low shares of $STT were off 50% from their all time high set back in January of 2018.  This steep sell off drove the stock to its deepest oversold reading(Weekly MACD) since the 2009 lows. $STT has not been this far below its 40W moving average...
Banks Hit A Wall

Banks Hit A Wall

At last month’s low the $BKX(KBW Bank Sector Index)had dropped 16% from the summer peak($112.00). $BKX reached oversold levels not seen since early 2016 last month. The rebound that followed, which began on Oct. 25, the $BKX has retraced 50% of the sell off from...