After blogging about how I would like to increase my investment in the local banking sector, I went on to increase my investment in UOB by 19% and in OCBC by 11% in the following two weeks. Why did I do this and in case you are new to my blog or do not remember, read this: DBS, OCBC and UOB at 40% of portfolio? To be honest, they are not at 40% of my portfolio yet as their stock prices rallied somewhat too quickly or I was adding to my positions too slowly, maybe. Anyway, the catalyst for this short update is a comment from a reader in a blog. If you are interested, read it in the comments section: HERE. This is my reply to his comment: Technically, the banks are somewhat overbought at this point and price action seems to be grinding or churning at resistance. ...