Banking on Strength

"That's a strong move!"
--Terry Silver (Karate Kid 3)

Banks have been outperforming on this move higher. The BKX is challenging year long resistance in the 103 area.

Why so strong? Would think the Fed's helping hand is certainly playing a role.

As the saying goes: 'so go the piggies, so goes the tape.' A breakout of the BKX would certainly augur well for the tape.