Hello investors, traders and MarketClub members everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with a look at Citigroup, Inc. (NYSE:C) on Thursday, the 27th of March.
News came out yesterday that the Fed had "stress tested" 30 banks and that 5 of the 30 had failed to pass. While some of the banks were expected to fail and came as no surprise, what was a surprise to the market was the failure of Citigroup, Inc. (NYSE:C).
In the Trade Triangle column of the image below, do you notice anything different about any one particular bank?
As you can clearly see, Citigroup (NYSE:C) has a red monthly Trade Triangle next to its name. That red monthly Trade Triangle kicked in on January 31st and served as a warning to MarketClub members that all was not well at Citigroup.
You can easily see how the other banks in this portfolio performed by looking at their weekly and monthly Trade Triangles. Any stock with positive correlating Trade Triangles greatly enhances the opportunity of putting profits in your pocket.
We appreciate your suggestions and thoughtful input!
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
