BANKS, don't bank on them

Banks for the entire month have traded below their quarterly 50% levels.

New month starts on monday and those 20 day lows are creeping up on most Banks. Since the rally began over 3 weeks ago, NAB and ANZ haven't closed below their 3 day trailing lows, CBA did because of its div and WBC is the lagging one atm.

Something to keep an eye on those 3 day lows.

New monthly 50% levels
ANZ 18.35
CBA 31.08
NAB 34.45
WBC 15.20.

not keen on banks below those ratios in the coming month.