Citigroup is up 290% from its March 2009 lows.
I don’t care about the headlines today that Goldman Sachs earned $1.66B in 1st-quarter, surpassing Wall Street’s estimates.
There’s only one thing that makes a stock go up and it’s a greater moron than you.
Some skittle brain has to be willing to buy the stock after you do to drive it up higher. In other words, you are hoping that someone out there has a smaller brain than you do regarding Citigroup.
There’s been a lot of morons chasing Citigroup as of late. How many fools do you hope will still pile in after you?
Short term, Citigroup is way overbought.
There is a tough resistance zone between $4 and $4.32
But the most revealing thing about this upward move is that the Aroon indicator bull line has fallen below 50. This means that the current upward trend has lost its momentum: something that institutions don’t want you to know until it’s too late.
You should book your profits and wait for a pullback in Citigroup for another possible entry sometime after their next earnings announcement this Friday.
by Sam McNeill
A stop loss is a pre-determined price that we use as the trigger to sell out of a losing trade. If the share price falls instead of rising then we sell and we sell at a pre-determined price to ensure that we minimise losses. We need to have a stop loss price because not all trades .... More »
In a rather controversial call, the YouTube channel Tradermike2005 has said now is the time to buy stocks, not sell them.
uckfayu writes, "Good vid Mike. I usually agree with you, but I expect June will bring another 10% loss or more."
Here is the Tradermike2005 video where he lays out his .... More »
Looking at the 10 minute chart on the S&P 500 today, one thing is clear. This was a very powerful up day today with multiple leg up, consolidation, next leg up, patterns all contained within the 20 10-minute period moving average.
The larger trend in the market is down so what's going on and how .... More »
All it takes is one trading mistake, or one misread stock chart or PR to totally change the course of your stock trading history.
I know a guy who wants to trade currencies. He asked me if there were any pointers I could give him.
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We nailed a huge winner today in HOV. This was a 7.5% win in less than 1 day. CHA-CHING!
In this lesson I will show you the stock screener I used to find this stock and what the settings for the stock screener were.
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