Citigroup Reports Under ‘Death Cross’

Citigroup is the fourth largest money center bank. The stock is up 6.5% so far in 2019 but in bear market territory at 31.3% below its 2018 high.

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How to Spot a Tradable Market Top

If you are a long term investor, swing trader, or day trader, then you could find one or all of the charts below interesting. What I am going to briefly cover and show you could make you think twice about how you are investing and trading your money. I will be the first to admit you should not, and cannot, always pick market tops or bottoms, but there are certain times when it’s worth betting on one.

Below I have shared three charts, each with a different time frame using daily, 30 minutes, and a 10-minute chart. Each chart also has a different technical analysis technique and strategy applied. Each shorter time frame chart as we work down the page zooms in closer to more imminent price action that should take place over the next few days.

DAILY CHART SIGNALS MARKET TOP – INVESTING/SWING TRADING

The daily chart below shows a clear overall trend which is to the downside. Trends are more likely to continue than they are to reverse, hence the saying “The Trend Is Your Friend.”

A key piece of data on this chart is the blue investing cycle line at the bottom. If this is trending down or below the 50 level, then money should be focused on profiting from falling prices via inverse ETF’s, short selling, or put options.

Equally important are the yellow and baby blue cycle lines at the bottom. When these enter the upper reversal zone, we should expect sellers to step into the market and for the price to fall.

30 MINUTE CHART SIGNALS MARKET TOP – SWING/MOMENTUM TRADING

I apologize for the noisy chart below, a lot is going on there, but if you focus on the yellow text and drawings, it will help keep things simple. This chart shows several reasons why we expect the price to fall. Based on technical and statistical analysis this chart points weakness over the next 1 – 3 trading days.

10-MINUTE CHART SIGNALS MARKET TOP – MOMENTUM/DAY TRADING

Monday night (Jan 7th) after the closing bell the SPY ETF chart generated a sizable price spike to the downside. Those of you who follow our spikes and or at least know about these setups then you know we expect the price to reach at least one if not all spike targets which are 30%, 50%, and 100% of the spike within 36 hours.

So far in 2019 we have has six price spikes five winners, one loser which is an 83% win rate thus far. Today’s spike is abnormally large not sure what that means regarding this one being a success but it is another spike signal, and the odds favor a move down once you see the other analysis supporting this setup.

CONCLUSION

If you are boring long term investor and have been stuck having to ride the stock market roller coaster with your life savings my trading newsletter can help you with your long term portfolio to not only avoid losses but profit from the collapse with one simple inverse exchange traded fund which trades like a stock and you buy and sell it at anytime! Knowing when you put your nest egg to work, and when to back away and protect it is crucial if you want to become wealthy or become wealthy.

On the flip side, if you are an active trader looking for monthly trades then be sure to join the Wealth Building Newsletter today and receive my daily pre-market video analysis, so you understand what took place yesterday, during overnight trading, and what to expect when the market opens.

Subscribe today and become part of our trading community and prosper from the coming market correction and real estate downturn.

Sign Up for Chris Vermeulen’s Wealth Building Newsletter Here > The Technical Traders

Stock & ETF Trading Signals

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Share buybacks and what the dividend yield isn’t telling you

Seeing the elephant
Focusing too much on operations and not enough on capital allocation can be dangerous.
In his book, Shareholder Yield: A Better Approach to Dividend Investing, US author and investor Meb Faber tells the Indian parable of the blind m…

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FTSE on the front foot as optimism builds

The FTSE 100 was up more than 1% by lunchtime as some positive corporate news and hopes of progress from the recently concluded trade talks …

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My top FTSE 100 dividend stock for 2019

If you’re looking for an income stock to add to your portfolio, I think you should consider Nichols (LSE: NICL) today. This company flies under the radar …

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Aggregate Patent Value as Stock Return Predictor [PREMIUM]

Is value of a firm’s patents a reliable predictor of its stock returns? In their November 2018 paper entitled “Patent-to-Market Premium”, Jiaping Qiu, Kevin Tseng and Chao Zhang investigate firm patent-to-market (PTM) ratio (percentag…

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FTSE 100 rises on trade optimism

The U.K.’s FTSE 100 is up 2.6% so far this year, easing investor worries that the falls seen in late 2018 could give way to a sustained period of market …

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Global Market Report – January 9

The FTSE 100 nudged back above 6,900 points with a near 6% gain in housebuilder Taylor Wimpey (TW) after a positive market update. Supermarket …

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