Citigroup

  • C

  • $71.52

  • -0.61%

  • $71.86

  • $72.33

  • $71.47

QUANT_RATINGS

Ticker Appearances

Tue, October 15, 2024 | 9:47AM ET

⚡ FlashInsights

Tue, October 15, 2024 | 9:47AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
The drop in long-term rates in recent months still doesn't appear to be affecting bank Net interest income all that meaningfully, and this morning's earnings out of BAC 0.25%  GS -0.14%  and C -0.61%  are lifting these three stocks around 2% in pre-market trading. Technically, there was ample evidence that Financial earnings period might be received favorably by markets given the triangle breakout in the Financial sector that happened back on 10/4, a full week BEFORE Financial earnings got underway. This has helped the Financial sector claw back and is now the best performing sector over the last week based on Equal-weighted ETF performance out of the 11 major sectors. Invesco's RYF is up +3.80% over the last week, far better than the +2.28% in RSP and better than the +2.88% in ^SPX -0.37%  itself. Financials outperformance has begun to accelerate following last month's ability of RSPF to have exceeded former all-time highs from early 2022, and technically this sector remains an Overweight.
Tickers

Daily Technical Strategy
Wed, October 25, 2023 | 7:33PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

What’s needed to think a Market Low could be imminent, or is in place

BREAKDOWN IN SPX AND QQQ HAVE POSTPONED AN IMMEDIATE TECH-LED REBOUND, BUT EVEN AFTER WEDNESDAY’S WEAKNESS THE NEAR-TERM SELLOFF LIKELY DOES NOT HAVE MORE THAN...

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Daily Technical Strategy
Tue, August 22, 2023 | 8:12PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Can NVDA save the market?

US EQUITY AND TREASURY MARKETS LIKELY BOTTOM IN THE NEXT 1-2 WEEKS AND BREAKS OF CURRENT DOWNTREND LINES WOULD SUGGEST AN INITIAL BOTTOM IS IN...

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