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CITIGROUP INCCITIGROUP INCCITIGROUP INC

CITIGROUP INC

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C trade ideas

Earnings for C, Citigroup Bank: HFT Gap ExpectedCitigroup reported ahead of open today which indicates it hoped that the market open would inspire buying of its shares of stock. HFTs are set to trigger on earnings news. How it might gap depends on the algorithm focus, retail crowd reactions, retail broker expectations, and the triggers set ahead of open. C has the same negative divergence as AAPL has on the weak “rally run” up after bouncing off of technical support levels best seen on a weekly chart. Today’s chart is a daily chart to show that the run is weak and poised for a potential gap.
NYSE:C
by MarthaStokesCMT-TechniTrader
1
Bounce play in the financial stocksThe financials (XLF) have broken down from its top formation effectively ending a 9 year bull run. However, the break was a bit too hard too fast and I think there is some room for a decent size bounce if the Fed is willing to give some hint that the pace of tightening is negotiable to the circumstance. Among all the big names in the financial space, I like Citigroup the most as it has some appealing technicals. Notably, the measured move target has been achieved and it is trading into the big consolidation range just before the last thrust to the upside. I would reckon the entry of 54 dollar is attractive from the risk reward basis that the 60 dollar mark should be a reasonable target in the scenario of a favourable Fed policy announcement.
NYSE:CLong
by chenb1981
$C - The complacency must be immense You know after this past week's rally - I was more than surprised to see it be led by financials. I'm more bearish on the financial sector than I am every other sector combined. Even without the bias - everyone has a "dip" they can justify buying regardless of the PL it makes - typically, when one sector makes a new 52 week low 3 times within the past 4 months - you almost scratch your head at what the market sees lol. I can understand the investors still bullish on the fundamentals of the banks, that & the contrarian side of buying the under-performers of the market & all but.... makes me wonder whether I'm going crazy or everyone else is lmao. Nonetheless - $GS was the bank that caught my eye a while back, just because of the resemblance of the pattern correlated to the 2015 flash crash (whatever you wana call it). $PFG was another, but more-so a comparison almost mirroring the 2008 financial crisis. Regardless, I wanted to post one last of the financials to put the theory to the test because if there was any complacency I was willing to short right before the downfall - this past week was the time. Definite kudos though, because even in 2015 - there wasn't as much willingness to buy on the consistent weakness. If you're not convinced by the pattern comparison, or the price placement between moving averages, you probably aren't convinced by the underperformance of the entire financial sector being worse than that of $EM, but, to each his own I guess.
NYSE:CShort
by DerekD_