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The bank sector index KBW Bank is up over 3% in the early going, nice follow through after Monday’s 2.6% gain. This powerful move is driving the index towards its first close above $81.00 since June 10. This week’s low is looking very solid.
The day after the 2016 election (Nov. 9) the BKX surged nearly 5%. The BKX finished that week with a 12% gain. The low on Nov. 9, 2016 was $75.65. Election week low 2016 was $72.90. Election week low 2020 is $76.80. The BKX closed out 2016 with a 28% post election gain....
Two weeks ago, see here, we found for the S&P 500, using the Elliott Wave Principle (EWP), “Our preferred scenario is for [a] rally to around $4490+/-10, which it achieved today,...
The second-quarter earnings period featured an impressive EPS beat rate, but guidance was less optimistic We found that dividend change announcement trends are also...
While the Russell 2000 has recovered from breaks of its 200-week MA before, every such test (and break) of the moving average increases the chance of a flip from a level of support...
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