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 US government issued approval for 10 of the nations largest banks to pay back the TARP money.  The banks are:

There’s no doubt that the buzz words for the week will be “Stress Test.” US regulators will be conducted the so-called bank stress test to determine which of the major US banks are the most vulnerable and may need additional capital. Yes, they’re going to throw more money at bad banks though I believe that [...]