Bank Stocks Continue to Lead Lower

02/20/2009 10:27 am EST


Thomas Aspray

, Professional Trader & Analyst


The banking sector continues to lead the market lower. While the Dow broke the November lows yesterday, the KBW Banking ETF (KBE) broke its own November lows in mid-January. After consolidating for a few weeks, KBE again made new lows this week with the lower trend line support now in the $7 area.

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