Short Citigroup (C)

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Well, I guess my chance to buy gold at sub-$1200 isn’t ever going to happen. The base is fully-formed, and the breakout is complete. “Real money” is about to leave bitcoin, paper dollar bills, and everything else fiat in the dust. (more…)
All the chatter about the maker of the Candy Crush app going public has strengthened Zynga. Evidently, the aforementioned Candy Crush creator is aiming for a market cap of about $8 billion (!!!!!!) which makes Zynga, at about $5 billion, seem like a bargain in comparison. I bought ZNGA yesterday based on its strong base, and it’s nice to see a profit on this already. (more…)
Well I was saying yesterday that the negative divergence on the SPX daily RSI 5 and NYMO was giving the edge to a bearish resolution to the range and we may at last be looking at the start of the retracement for this big wave up from the 1737 low. (more…)