Citigroup (C) - Quick Takes Pro Chart of the Day

[Blaine Tarr]

P/E 8.69
52 Week Low 9.44% off those levels.

I think it mights be time to get LONG BBY...

22.50 Support.


What do you guys think the media hasn't been a fan of this one..

[Blaine Tarr]

I like this chart alot. Prob one of my Favorites right now. As you can see the stock brokeout on highvolume last month and was able to keep this strength in March. The stock ended the day on Friday with a strong gain of 14 cents (4%) to 3.48. It pushed higher throughout the day and closed out the session near its highs. This creates a bullish scenario for next week, one in which the stock opens the day a few ticks higher and then continues its rally. The break of resistance 3.33 (20-day SMA ) with high volume also was great. The next point of interest is the the next point to look out for is the high of February at 3.84. DRYS has a very interesting daily chart and could have a bigger move soon. The technical chart looks really bullish as the stock is trading above 50-day moving average and the 50-day MA crossed above 200-day MA recently ( Golden Cross ). Additionally, the Accumulation/Distribution shows that the stock continues to be under accumulation by institutional traders and money managers. Heavy volume on up days. A break of 3.84 would confirm continuation of the trend, with a target area of 4.3 to 4.5. Worth watching for a breakout.

[Blaine Tarr]

Friday was day 22 for the dollar?s daily cycle.
Should Monday form a swing low making today the daily cycle low, the dollar would have printed a neutral translated daily cycle.

[Blaine Tarr]

Indicators + Settings:

Wilder's DMI (32)
Parabolic SAR (0.01, 0.02)



Time-Frame:

Daily



Enter/Exit Conditions:

BUY: Parabolic SAR BUY + DMI D+ over D-
EXIT: Either Parabolic SAR sell or DMI D- crossover D+



SELL: Parabolic SAR Sell + DMI D- over D+
EXIT: Either Parabolic SAR buy or DMI D+ crossover D-

[Blaine Tarr]

Just wondering what peoples opinion is on office depot?

Its had a pretty good reversal as of late, and is treading well above the 52 week low. Volume is also on the rise. It looks like a good buy right now. Opinion?

[Blaine Tarr]

March 30, 2012 - Alcatel Lucent (ALU)

[Blaine Tarr]

Barchart.com's Chart of the Day - H.B. Fuller (FUL) for Mar 30, 2012

The "Chart of the Day" is H.B. Fuller (FUL), which showed up on Thursday's Barchart "All Time High" list. Fuller on Thursday rallied to a new all-time high of $33.40 and closed up 3.98%. TrendSpotter has been Long since March 9 at $30.79. In recent news on the stock, the company on March 28 reported Q1 EPS of 44 cents, above the consensus of 37 cents. First Analysis on March 6 upgraded H.B. Fuller to Overweight from Neutral with a target of $37 citing earnings accretion from the acquisition of Forbo Adhesives. H.B. Fuller, with a market cap of $1.5 billion, is a worldwide manufacturer and marketer of adhesives, sealants, coatings, paints and other specialty chemical products.

[Blaine Tarr]

Random Thoughts

The market sold off fairly hard but then made back most of those losses late in the day.

I like the fact that sell offs have been met with buyers. Knowing the personality of the current market is the key to success. And lately, it's been behaving well.

We don't know that it'll be great forever so we use protective stops, trail stops, take partial profits when offered, select only the best of the best setups and wait for entries on those. Dang, I just gave away 96% of my methodology. Still, my wife Marcy, would like you to buy the book.

The Energies, Metals & Mining, and Debt look questionable. Most other areas, like the overall market, remain in solid uptrends.

So what do we do? See the aforementioned 96% paragraph.

Futures are firm pre-market.

Click here to watch today's Market in a Minute.

[Blaine Tarr]

Global Market Comments

Macro Millionaire Featured Trades:
(THE FINAL WORD ON THE VOLATILITY INDEX),
(VIX), (VXX), (TVIX),
(DINNER WITH NOBEL PRIZE WINNER DR. JOSEPH STIGLITZ)

From the desk of John Thomas
Macro Millionaire
Market Comments for Thursday, March 29, 2012

The Final Word on the Volatility Index.
The inside story on the collapse of volatility is now out, and as a result, managers are reviewing the harsh lessons learned and tweaking their strategies. It highlights the dangers of buying securities without reading the prospectus and understanding what is under the hood.

As investors piled into stocks in February, they also bought downside protection in the form of the Velocity Shares Daily 2X VIX Short Term ETN (TVIX). For reasons that are yet to be explained, the issuer, Credit Suisse, arbitrarily decided to quit issuing new shares, effectively turning this vehicle into a closed end fund. Money poured in anyway, driving the price up to a 100% premium over the intrinsic value of the fund.

[Blaine Tarr]

Barchart.com's Chart of the Day - PNC Financial (PNC) for Mar 29, 2012

The "Chart of the Day" is PNC Financial (PNC), which showed up on Wednesday's Barchart "52-Week High" list. PNC Financial on Wednesday posted a new 13-month high of $64.79 and closed up 2.52%. TrendSpotter has been Long since March 15 at $63.00. In recent news on the stock, the Federal Reserve on March 13 accepted PNC's capital plan and did not object to PNC's plan to increase its dividend and adopt a modest share repurchase program. Raymond James on March 26 downgraded PNC Financial to Outperform from Strong Buy, but left intact the price target of $70, due to valuation and a lack of near-term catalysts. PNC Bank, with a market cap of $34 billion, is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services.