• 2 days The New World Tax Order
  • 3 days Is Crypto Finally Ready To Pay The Piper?
  • 4 days Is It Time To Buy The Global Gaming Market Dip?
  • 7 days Even The Mafia Has A Millennial Problem
  • 9 days Zuckerberg Loses Billions in Social Media Outage
  • 10 days ‘Pandora Papers’ Leak Reveals More Financial Crime
  • 11 days US Retail Has A Major Supply Chain Problem
  • 14 days China Has Set Out To Crush Crypto...Again
  • 15 days Top Performing Cannabis Stocks of the Year
  • 16 days Millennials Could Power A 20-Year Bull Stock Market
  • 22 days The Million-Dollar Question: Will China Bail Out Evergrande?
  • 23 days 3 Restaurant Stocks In Full Recovery Mode
  • 23 days Bitcoin Is Driven By Testosterone
  • 28 days Quantum Computing Is The Newest Megatrend In Silicon Valley
  • 29 days How To Invest In The Cybersecurity Boom
  • 31 days Investors Are Patient With Unprofitable Giants
  • 33 days Wells Fargo Back In The Scandal Spotlight Once Again
  • 35 days 5 Stocks To Keep A Close Eye On This Year
  • 36 days As Auto Giants Flail, Look To Chip Stocks For Gains
  • 37 days Central America Is Ready For The Bitcoin Hustle
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Barry Ritholtz Goes Long Citigroup - Update

This is an update to our post here. Lets have another look.

  1. For the Affirmative:
  2. Red 45 degree line break is imminent
  3. TrendStatus positive, above ZERO. Confirmed
  4. Hurst Cycle break of zero, imminent.
  5. Financial sector may get a boost as other sectors are too expensive.
  6. JPM earnings this Friday could boost the Financial sector, if this happens Citigroup(C) will skyrocket in our view.

For the Negative:

  1. Volume not exciting (not shown, could not fit it in screen capture tool)
  2. Financial sector is a laggard.
  3. The Gann Angle trend is only 2 units of time for 1 unit of price (2x1). It would be smarter to find trades at least 1x1 time to price rewarding.
  4. We (RTT) dont know the fundamentals behind Citigroup trade. Assume Barry has it sorted!
  5. Market momentum we be timid in the US Summer (in our view).

Citigroup Chart

 

Back to homepage

Leave a comment

Leave a comment