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...
Citi’s Dirty Dozen

Citi’s Dirty Dozen

Citigroup($C) is heading for its 12th straight decline.  This massive distribution wave has featured 12 straight sessions of well above average volume.  This is the worst losing streak in history for the stock.  Previous worst streak was back in late 1987, down 10...
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...