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Tuesday's Update

Tuesday, December 1st. - Stock Trends, Charts, and Commentary
                                             (*** If you see last week's Tuesday Update: Click Here)

Consolidation on the Banking Index?

Banks ... like them or not, they are a necessary part of any economy.

When they get into trouble, the stock market gets very upset and typically goes down.

So ... what is going on with the Banking Index ($BKX) now?

As today's chart shows, the index is showing sideways consolidation due to the price action and the movement of the green 30 day C-RSI. 

When the consolidation finishes the Banking Index will pick a direction and therefore either move down or continue in an upward direction with the general stock market going with it.

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