Reversal Of Fortune? Bank Index Testing 14-Year Breakout Level

11
4
Favorite

Reversal Of Fortune? Bank Index Testing 14-Year Breakout Level

zerohedge2021-03-18

While the 2008 Financial Crisis may be tucked neatly away in history, the devastating blows that the banks took in 2008 still linger today.This is evident by how severely bank stocks have lagged the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（4）

janiceyl
·2021-03-18
Now time for banks to break from their lows. Good rotation stocks
Reply
Like
Report
Yang79
·2021-03-18
Comment & like pls
Reply
4
Report
Fold Replies
- 我来啦你不要跑:
  Ok
  2021-03-18
  Reply
  Report
TOTHEMOOOOON
·2021-03-18
Oh
Reply
2
Report
AS78
·2021-03-18
Beware of interest rate hike[開心] [齜牙]
Reply
3
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1127990686?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-18 20:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1127990686","market":"us","top_or_hot":-1,"title":"Reversal Of Fortune? Bank Index Testing 14-Year Breakout Level","media":"zerohedge","content":"<div>\n<p>While the 2008 Financial Crisis may be tucked neatly away in history, the devastating blows that the banks took in 2008 still linger today.This is evident by how severely bank stocks have lagged the ...</p>\n\n<a href=\"https://www.zerohedge.com/news/2021-03-17/reversal-fortune-bank-index-testing-14-year-breakout-level\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reversal Of Fortune? Bank Index Testing 14-Year Breakout Level</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReversal Of Fortune? Bank Index Testing 14-Year Breakout Level\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 20:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/news/2021-03-17/reversal-fortune-bank-index-testing-14-year-breakout-level><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While the 2008 Financial Crisis may be tucked neatly away in history, the devastating blows that the banks took in 2008 still linger today.This is evident by how severely bank stocks have lagged the ...</p>\n\n<a href=\"https://www.zerohedge.com/news/2021-03-17/reversal-fortune-bank-index-testing-14-year-breakout-level\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.zerohedge.com/news/2021-03-17/reversal-fortune-bank-index-testing-14-year-breakout-level","article_id":"1127990686","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127990686","pubTimestamp":1616071766,"sourceInfo":null,"weMediaInfo":null,"summary":"While the 2008 Financial Crisis may be tucked neatly away in history, the devastating blows that the","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"命运逆转？银行指数检验14年突破水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"While the 2008 Financial Crisis may be tucked neatly away in history, the devastating blows that the banks took in 2008 still linger today.This is evident by how severely bank stocks have lagged the broader stock market since the Financial Crisis low in 2009. But not all is lost. In fact, things may be turning up for the Financial Sector and bank stocks. And today’s chart 2-pack highlights why.Below is a split look at long-term “monthly” charts of the Bank Index (BKX) and the ratio of the Bank Index (BKX) / S&P 500 Index (SPX).As you can see, the Bank Index is testing its pre-Financial Crisis highs (left chart). Not a great accomplishment, considering that the S&P 500 is over 2.5x where it traded at the 2007 high.BUT a bank breakout IS a big deal to market bulls; as a rule of thumb, it’s always good to have the financial sector leading.The ratio performance chart on the right highlights the decade-long weakness in the banking sector. But, as you can see, this chart also is facing a big breakout test at 12-year resistance (marked by its falling trend line and prior lateral support line).So is it time for the banks to shine? Only if the bulls see a long-awaited breakout this spring. Stay tuned!","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":327811346,"gmtCreate":1616075910585,"gmtModify":1704790602624,"author":{"id":"3578391811195027","authorId":"3578391811195027","name":"janiceyl","avatar":"https://static.tigerbbs.com/58784b1661862b7e62ccb64424c97ae7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578391811195027","authorIdStr":"3578391811195027"},"htmlText":"Now time for banks to break from their lows. Good rotation stocks","listText":"Now time for banks to break from their lows. Good rotation stocks","text":"Now time for banks to break from their lows. Good rotation stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327811346","repostId":1127990686,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327155286,"gmtCreate":1616073098245,"gmtModify":1704790532221,"author":{"id":"3576200119242145","authorId":"3576200119242145","name":"Yang79","avatar":"https://static.tigerbbs.com/1efb9cfbfc86766faf0f3faba7060b5a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576200119242145","authorIdStr":"3576200119242145"},"htmlText":"Comment &amp; like pls","listText":"Comment &amp; like pls","text":"Comment & like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/327155286","repostId":1127990686,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3826826,"gmtCreate":1616073166461,"gmtModify":1680780862171,"authorId":3546953115990917,"author":{"id":3546953115990917,"idStr":"3546953115990917","authorId":3546953115990917,"name":"我来啦你不要跑","avatar":"https://static.tigerbbs.com/5bd412726b1348c9275f5dcd38fff8a8","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.20","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":327155286,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":327159319,"gmtCreate":1616072490431,"gmtModify":1704790522670,"author":{"id":"3576043724479903","authorId":"3576043724479903","name":"TOTHEMOOOOON","avatar":"https://static.tigerbbs.com/4a17213e6366b879bd6692650a736cb1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576043724479903","authorIdStr":"3576043724479903"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327159319","repostId":1127990686,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":327159921,"gmtCreate":1616072476563,"gmtModify":1704790522508,"author":{"id":"3554958921608603","authorId":"3554958921608603","name":"AS78","avatar":"https://community-static.tradeup.com/news/d392d10a42f496e319268418e7602694","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3554958921608603","authorIdStr":"3554958921608603"},"htmlText":"Beware of interest rate hike[開心]&nbsp;[齜牙]&nbsp;","listText":"Beware of interest rate hike[開心]&nbsp;[齜牙]&nbsp;","text":"Beware of interest rate hike[開心] [齜牙]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327159921","repostId":1127990686,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}