BKX vs. NDX – MarketTells.com

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Bank stocks as represented by the BKX are down for a fifth consecutive session Thursday. That’s in stark contrast to the Nasdaq100 (NDX) which is up for the fifth day in a row. Since inception of the BKX, there have been 16 occurrences of
the Bank Index down five days in a row while the Nasdaq100 gained ground over the same five-day period. Stocks in general did well over the next two weeks, with the S&P500’s 1%+ moves 9-1 to the upside…

BKX Down Five Days in a Row, NDX Up vs. Five Days Ago
06/10/21… SPX ??? ten sessions later
01/26/21… SPX +1.6% ten sessions later
05/06/20… SPX +4.3% ten sessions later
09/27/18… SPX -6.4% ten sessions later
11/09/17… SPX +0.7% ten sessions later
07/20/17… SPX -0.1% ten sessions later
05/31/17… SPX +1.1% ten sessions later
03/29/16… SPX +0.3% ten sessions later
11/17/14… SPX +1.2% ten sessions later
10/17/07… SPX +0.5% ten sessions later
09/26/07… SPX +2.4% ten sessions later
05/25/05… SPX +0.9% ten sessions later
12/17/99… SPX +2.4% ten sessions later
11/23/99… SPX -0.1% ten sessions later
12/11/98… SPX +5.1% ten sessions later
11/12/98… SPX +6.6% ten sessions later
11/13/96… SPX +3.3% ten sessions later