Citigroup continues to look positive



The daily chart for Citigroup (C) is looking a little stretched in the short term, but look to accumulate on a pullback in the $40 area. The charts has advanced and pulled back very nicely over the past 6 months, higher highs and higher lows. Watch that the recent gap-up holds.

The weekly chart is also very supportive, C has moved above the "tops" of the double bottom that has formed since last spring and is breaking out above that resistance level. The new year through to the spring has traditional been a good time for North American stock markets.