Banks Breaking Down
A few days ago I commented that the BKX (banking index) was looking weak and that we may see them sell off, well today the index broke its trendline and headed lower along with the rest of the market. I think the banks are an important group of stocks to watch because they can pull down the market if this weakness continues.
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3 comments:
A bunch is reporting next week...
Kevin,
What are the ETF or index or option that is tradable for bank sector ?
XLF moves based on banks and brokers ....financials.
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