FAS FAZ Stock Analysis May 26, 2009 5/26/09

The Direxion Daily Financial Bear 3X Shares (FAZ) & Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) have been very active over the past six months. The following is technical analysis on Financial Bull ( FAS ) for 5/26/09. Knowing the support and resistance levels for FAS will help you trade FAZ.

FAS Support and Resistance Levels - May 26, 2009

Resistance Levels: $ 9.30, $9.50, $10.00, $10.60, $12.53

Support Levels: $8.60, $8.28, $8.09, $7.88

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FAS continues to trade around the 10 day moving average. For a trade, I am watching for a break above Thursday's high of $9.31 to get long FAS. I am also watching the low from Thursday at $8.60 to jump into FAZ for a trade. The 50 day moving average is slowly creeping higher ( $7.88 ) which is another area to watch going forward. A close below the 50 day moving average would be bearish! For More Technical Analysis - Go Here

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Citigroup Inc C Stock 5/26/09 May 26, 2009

The following is a little Citigroup Inc. ( C ) stock technical analysis for May 26, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 5/26/09

Resistance Levels: $3.70, $4 , $4.41, $4.48

Support Levels: $3.50, $3.36, $3.00

http://www.stockcharts.com

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Citigroup stock continues to trade close to the 10 day moving average around $3.65. Last week, Citi tried to make a move over $4.00 but was rejected at $3.96. I will be buying Citigroup stock when it breaks $4.00 and if Citi closes over $4.00, I will continue to hold for a retest of the major resistance area between $4.41-$4.48. A close over $4.48 and I think Citi will trade back up to the $5-$6 range. On the downside...I am watching the 50 day moving average closely, if Citigroup closes below this level I think a retest of $3 and below would be likely. For more Technical Analysis - Go Here

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