This chart is a bulllish percent chart of the banking sector. It is telling us that 85% of all bank stocks are in bullish point and figure chart trends. This very high level means that investors are all-in on banks and a warning that this key sector is over bought. Since banks have been leading the market, the high risk in this sector reflects high risk in the market generally over the intermediate term.
This chart is a bulllish percent chart of the banking sector. It is telling us that 85% of all bank stocks are in bullish point and figure chart trends. This very high level means that investors are all-in on banks and a warning that this key sector is over bought. Since banks have been leading the market, the high risk in this sector reflects high risk in the market generally over the intermediate term.
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