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Category Archives: US Stocks outlook
Get ready to buy Citi
I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the stock for longer Continue reading
Posted in US Stocks outlook
Tagged Citi, Diagonal Triangle, Elliot wave analysis, Gold, Low risk trade idea, US Stocks
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Should I sell Citi?
Some of you must have bought Citi when it was trading below $12. (see my post Let’s join the “Rescue Citi” effort! ) Sure I am looking for this stock to double in the medium term Continue reading
Quick look at Citi again
I’m keeping this brief as wife is waiting at the door. Citi has already moved up by 14% since we bought it below $11.80. Don’t be dismayed if it comes down today. This is supposed to be a Continue reading
Let’s join the “Rescue Citi” effort!
A lot of Sovereign wealth funds have invested in Citi around $40 per share, and a whole bunch of impatient investors have gotten long at various levels on the way down. But we identified long back that a reasonable level … Continue reading
SPY struggles
This is going to be brief, folks. A safe sell level over the next two trading sessions will be at 95.55 with a stop at 96.85. Further out there is some more resistance at 97.11, but at present even a move to 96.55 looks remote. Continue reading
Posted in US Stocks outlook
Tagged Bear trend, Low risk trade idea, SPY trading outlook
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Double your money- the easy way!
On 16th October I wrote that one could double his/her money by buying Citi in stages from $11.80 down to $10.40. Today, I came across this funny (old) quip about how to easily double one’s money, and decided to share it with you: Continue reading
Posted in US Stocks outlook
Tagged Diagonal Triangle trading methods, Low risk trade idea
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Be ready to buy Citi on the next dip
The market gives some subtle clues to the alert investor of an impending bottom. One such clue is a diagonal triangle at the bottom of a fifth wave. Citi has come a long way from $40 where I had recommended you to sell. Continue reading
GE under siege
I read this very engrossing story in Fortune and decided to look up that stock. Interesting to see that it has closed near the day’s high on Friday and on volume not seen the whole week. We know Warren Buffett has invested some decent money. Should we also throw in our pennies to support GE? Continue reading
Posted in US Stocks outlook
Tagged Buffett, GE, General Electric, stock market, Stocks
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