Banking strength status as of 2023-04-11?

Brian Degracia

12 Apr 2023 • 2 min read

There are currently only three Banking stocks with the strongest rating.

This is a continuation of this last bank-specific post during that industry's terrible, no-good period. I've touched on Banking in other more recent posts such as here and here.

The update is that the regional/smaller banks are still drastically weak with no sign of upward movement yet. It's like they've all fallen off the swing set and are laying on the ground with the breath knocked out of them, wondering if they have any broken bones.

This market organizational system will reveal if and when these stocks start to get up and back onto their feet. Meanwhile it will also show where in the market others are already up and running.

AKA - no FOMO here.

Here's a summary showing how weak are the Banking sub-industries, which also reflects that for this past week there has been little to no change:

Foreign Regional and Money Center Banks strengthened over the past two weeks but are still weak.

A regional/smaller bank detailed look

For more punishment - um, perspective - here's a graphical look by sub-industry showing the massive weakening in regional/smaller banks over the past two month period, followed by little movement after the fall:

The 60 days looks show dramatic weakening for Regional/smaller banks. Over the past month little has happened.

As noted above and worth repeating:

Downloadable report

Here's the detailed stock-by-stock look at Banking:

SMO Banking 2023 04 11

SMO Banking 2023-04-11.pdf

2 MB

A regional/smaller bank detailed look

Downloadable report

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