Getting Technical with the Bank Index
October 18, 2010  Analysis from Chris Kimble 

Earlier today I updated an overlay of the Bank Index (BKX) and the broader US market using Vanguard's S&P 500 Index (VFINX) as the surrogate. A few minutes ago Chris Kimble sent me a technical analysis that supports my concern that the Bank Index is sending us a warning.

Let's keep an eye on that neckline.

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For the most up-to-date Kimble analysis, check out Chris's blog: Kimble Charting Solutions.