Bank Stocks Continue to Lead Lower

02/20/2009 10:27 am EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

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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