One of the most bullish items an investor can see is when a stock, group, or market…can rally in the face of negative news. That is certainly the case today…as the market seems to be unfazed by the situation in the Middle East and the dockworkers’ strike.
The KBE bank ETF is testing a key level…so whichever way it moves as the 4th quarter begins should be important for the group…and the entire stock market.