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...
There’s Only One

There’s Only One

Out of the following ten Equity Index ETF’s, $DIA is only one trading above its flat/declining 200 day moving average. $DIA, $SPY, $QQQ, $IJS, $IWM, $OIH, $XLE, $XLF, $SMH, $VTI The $XLP and the $XLU are trading above both their 50 and 200 day moving averages,...