It's Friday, and versatile Chris Kimble slips into his impersonation of legendary Joe Friday of Dragnet fame.

Let's discuss the hot topic of the day — Financial Reform Friday!

With the advancement of the new law today, Banks had a very nice rally. The Bank Index (BKX) was up 2.91% with the Dow falling a few points.

What about the BIG picture facts on the Bank Index?

Banks ran into long-term resistance and Fibonacci retracement levels and have declined of late. Can the new regulations give the banks enough strength to push past technical resistance?

"So go the banks, so goes the economy." Keep an eye on this all important index after the law has been passed. Buy the rumor, sell the "facts?"