Just a quick post of the Dow Jones US Banks Index. Financials are an important component to the economy and we need to see strength here to back up a general stock market rally. Unfortunately, they are showing signs of pretty serious weakness. I prefer long term trends to filter out the noise. The chart below […]
Category: Financials
Financial Sector Breaks Support – Another Very Negative Sign
Stock charts are painting a very cloudy view of the financial sector. During a normal healthy economy you would expect the financial sector to perform well. Likewise, should it under-perform, as it is doing, this is a warning sign to take note of. The financial sector was hit hard in August with the general stock market […]