I have had a few e-mails tonight asking if I thought Citi was a buy tomorrow. I ran a scan with Market Club’s Trade Triangles and came up with a few bullet points. Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
Based on a pre-defined weighted trend formula for chart analysis, C scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
Trend Analysis is a daily email analysis tool that gives me insight into exactly what my portfolio is doing. This link takes you to get your first symbol analyzed and from there you can easily add more symbols to get a daily update, which I find very helpful. There are only a few quality sites out there that provide FREE high quality trading tools.
