Monday, November 24, 2008

We Built This Citi

Click charts to ENLARGE.


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Asset Allocation Pivots.
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With God as my witness, last night I called my sister (President of a Fortune 500 company) and my son and told them my best bet for the week. Unfortunately, I don't have enough of it to make a difference.
I'll give you a hint.
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Here's a list of some items, sorted by RSI14 weekly
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So what's this buzz today? Citigroup has been declared "all out in free" with the government guaranteeing the gravy train. The gas gauge was empty, and we're gonna just smash it and turn the dial to full.

I'm not complaining, although my children (and yours) should be...and if you need some fingerpointing...well here's some.

The usual tells plus a couple:
  • Breadth
  • BKX
  • C
  • FXY or other yen proxy
  • GE
  • GM (Citi gets theirs, when does GM get theirs?)
  • GS
  • UUP or dollar proxy




Airwolf Bernanke swings into action.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.

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