Monday, March 15, 2010

Bank Index Update



About two weeks ago I posted an article regarding the bank index which basically stated that we should watch this group for a breakout. Well since that post the BKX (bank index) has broken out to a new multi month high.

If this truly is a legitimate breakout to the upside, the BKX should not trade back below 48 which would make this level a low risk place to put a protective stop if you are long.

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