[isatrader]

BPOP - Stage 2 continuation attempt from large volatility contraction pattern

BPOP = bank sector > I was looking at the (bank) sector index and the sector RS vs SPXEWI.
They don't look good. Do you agree this sector is underperforming?

Left price chart of bank sector index, right RS of bank sector vs SPXEWI

Yes, the banking sector is in Stage 3 and the relative performance is below a declining zero line. So it's not a good sector currently.

   


As you might of noticed I don't do the sector relative performance for the charts I post in the watchlist, as that's something I leave for further research if a stock chart looks particularly interesting.

Have got to give the members something to do ;-)