Charting Stocks

Financial stocks are beginning to show signs of weakness with Citigroup (NYSE: C) looking the most vulnerable.

Citigroup stock (chart below) was the first in this group to break their previous uptrend line. With RSI under 50 and the MACD indicator turning negative, it appears that Citi may be under some pressure in the coming weeks.

The party may be ending for Goldman Sachs (GS) as well.

Morgan Stanley is holding its uptrend though MACD and RSI suggest pressure may be ahead.

Bank of America (BAC) is fairing much better than Citigroup and has yet to breakdown. Wells Fargo, and JP Morgan, on the other hand, have both violated the uptrend line.

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