Citigroup C Stock 4/13/09 April 13, 2009

The following is a little Citigroup ( C ) stock technical analysis for April 13, 2009

Citigroup Support & Resistance Levels - 4/13/09

Resistance Levels: $3.35, $3.89

Support Levels: $3.00, $2.89

http://www.stockcharts.com

Citigroup stock gapped up over the $2.89 resistance level, came back to test it, and then closed over $3.00. This is very bullish and I will be jumping in Citi if it can remain over $3.00 for most of the morning on Monday. Pullbacks into the $2.90's can be bought with a stop at $2.88. A break above the $3.08 will start the run to test $3.35. Thursday's breakout will now get me to buy pullbacks to the 10 and 50 day moving average $2.61-$2.70 using a stop at $2.59. I'm not ready to commit for the long term yet and will be out of this stock by April 17 earnings. For More Technical Analysis - Go Here

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Dow Jones Analysis 4/13/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 4/13/09

Dow Jones Support & Resistance Levels - April 13, 2009

Resistance Levels: 8300, 8500

Support Levels: 8000, 7735, 7538, 7450

http://stockcharts.com/ - Chart

Stock Market Futures

The Dow Jones surged Thursday on earnings news out of Wells Fargo. The Dow broke 8000 and closed over the previous high of 8075. This is a huge bullish signal and is almost the opposite of what I was expecting yesterday. I am now bullish as long as the Dow remains over 8000 and will get short under 8000 for a trade. The next major resistance level I see is around the 8300 level, the same level which we were at when Timothy Geithner unveiled his banking solution which the market hated back in February. For More Technical Analysis - Go Here

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