Banking Stocks Index - Does Danger Lurk?
Companies / Banking Stocks Jul 19, 2016 - 10:48 AM GMTBy: Marty_Chenard
Does Danger lurk on the Banking Index?
Last week, the Banking Index closed at 67.22 with the C-RSI at a Danger level of +1.59.
The Accelerator had a very small down tick. The Timing Indicator was in negative territory with an up tick that still showed technical upside trending.
The Banking Index was in a very high risk up condition. Please note that risk levels are extremely high and a Danger lurks, so please hedge any positions.
By Marty Chenard
http://www.stocktiming.com/
Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information
Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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