Citigroup Inc ($C) : Watch for kumo breakout

Citigroup (C), has rallied from a low of $37 and has gap up in the last few days. Currently, it is trading within the kumo and is in a trendless state. A break above the kumo will give us a bullish confirmation. We already has a weak bullish signal from its Tenkan sen – Kijun… Continue reading Citigroup Inc ($C) : Watch for kumo breakout

US Banks Stress Tests

Zero Hedge has an article about a ‘leaked report’ on the stress tests of the US banks. The usual disclaimer applies. ‘Leaked report’ is not official. However, a glance through the article highlights worrying ‘facts’. 1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. 2) Of the 16… Continue reading US Banks Stress Tests