Sunday, October 21, 2007

$KSX Analysis for 10.21.2007

KBW CAPITAL MARKETS INDEX - $KSX
Comprised of equities that constitute the U.S. Capital markets - dominant broker/dealers, trust banks, asset managers and exchanges are all represented.

Monthly chart shows weakness and selling as price moved up to test the prior hgish.

Weekly chart shows a double top into fib resistance.

Daily chart shows price below most key moving averages, and heading lower.

One can play the $KSX using the KBW Capital Markets ETF - KCE


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