Citi’s Dirty Dozen

Citi’s Dirty Dozen

Citigroup($C) is heading for its 12th straight decline.  This massive distribution wave has featured 12 straight sessions of well above average volume.  This is the worst losing streak in history for the stock.  Previous worst streak was back in late 1987, down 10...
Banks Hit A Wall

Banks Hit A Wall

At last month’s low the $BKX(KBW Bank Sector Index)had dropped 16% from the summer peak($112.00). $BKX reached oversold levels not seen since early 2016 last month. The rebound that followed, which began on Oct. 25, the $BKX has retraced 50% of the sell off from...
Bank of America Reaches New 2018 Lows

Bank of America Reaches New 2018 Lows

Rough way to start the week for Bank of America.  BAC spent nearly the entire session in the red finally closing with a 3.3% loss on accelerating trade.  This nasty spill drove the stock to new 2018 lows while extending the pullback from the October peak to 11%.  Bank...