KBW Bank Index – American Banks Relative Strength but with RISK OFF Signs …

American KBW Bank Index   –    Back Today on ATA Research Radar 

 

ATA Following …

EUROZONE Banks 

17.08.2019 – STOXX Banks – Secular View after Fall from the Edge…

Italian Banks 

17.08.2019 –  FTSE Italia All Share Banks – Italian RISK OFF Job…

German DAX Banks 

17.08.2019 –  DAX BANKS – Decision Point in the Shadow of German Yield…

Japan TOPIX Banks 

17.08.2019 –  TOPIX Banks – Japan Debt Yield Omen…

 

 

US KBW Bank Index  PERSPECTIVE 

 

Almost 13  Years after All Time High…

December 2006  Close 117.52

February 2007 High 121.16   

No New All Time High 

with

Risk of Reversal  Mega Long Term M Pattern 

 

Almost 20 Months after Last Major Top…

January 2018  High 117.14  

dominating

Falling Contraction 

with

Risk of Reversal H&S Pattern 

 

US Banks

 

 

US KBW Bank Index Long Term Situation 

 

 

 

 

First…Main  Motives

Global & CHINA – US – EU – UK  & Japan

Slowdown  & Recession Risk

TRUMP TRADE WAR  – US Tariffs  &  China Tariffs 

TRUMP CURRENCY WAR 

&

Dovish…Dovisher…Mega Dovish Central Game

FED – Powell 

vs

ECB –  Lagarde 

 

 

Second…Market Technical  Patterns 

Open Negative Scenario 

2 Major RISK OFF  Patterns :

First…Mega Long Term M Pattern 

December 2006  Close 117.52

January 2018  High 117.14  

Second…H&S Pattern 

Neckline  88.80 Zone 

December 2016 – Present 

with

MACD Monthly  

Sell Signal  vs  above Trendline 

 

US KBW Bank Index  Present Investment Conclusion

American Banks  still have Relative Strength  vs  Other Banks

but with RISK OFF Signs…

that’s why

Special  Focus on

Neckline  Key Level  88.80 Zone 

 

Now dominating

Activated M Pattern  

&

Rising Risk

Break Down Neckline  88.80 Key Level 

with

New Wave Down under Neckline 

 

 

N – TIMES

Finally …

F/X  Maxim 

Chart is More Important than 1000 Words…

&

Most Important is  Final  Smart Money Reaction….

First…EOD-s 

Second…EOW-s

Final…EOM – Now August

 

KBW Bank Index  Monthly Charts :

16.08.2019 – EOW

KBW Banks - M - Line

KBW Banks - M

2 thoughts on “KBW Bank Index – American Banks Relative Strength but with RISK OFF Signs …

Add yours

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a website or blog at WordPress.com

Up ↑

%d bloggers like this: