Banking Sector

Since the March low, the widely followed Keefe, Bruyette & Woods , sometimes known by its ticker BKX, has rallied an astounding 123% ( Banking index) !!!

What we can see on the charts is an unbroken series of lower highs and lower lows -- the core definition of a bear market. Further, there is no bullish divergence present in momentum indicators, and that strongly suggests that despite this month's exciting bank movement the bear is not through just yet.

So is the BULL back ??? Well, we will like to see a Bull in the banks before ringing  the bell.

WIZ