Hubert Senters here.
This is an introduction video I’m travelling. I’ll be in Vegas this week and Mark Helweg is going to be filling in for me so I’m just letting you know. So you’re not surprised. Without further ado I’m going to turn it over to Mark. Mark take it away. Thank you Hubert.
Let’s take a look at the hot pick for one day. And that is Citigroup. Currently experiencing one of my favorite set-ups called the elevated cycle lows.
Let me show you what this is. Now, in a perfect world if you look at a cycle indicator when buyers and sellers are equally matched you’re going to see the cycle indicator oscillate around zero and you’ll see the positive swings go positive above zero.
That negative swing and cycle lows will take place below the zero line. Right now what we see is the cycle low actually took place in positive territory above zero. This is a strong indication that the buyers are overwhelming the sellers.
And so what we expect from this type of price action with the cycle is a very strong follow through to the upside so Citigroup should have more upside potential expected to go up to the $77-$78 and possibly even the $80 level by the time it’s all said and done so it looks very strong.
This is a weekly set-ups of your trading options. Make sure you give yourself plenty of time with your time to expiration for your options.
Lastly I just want to make you aware that we have the webinar this Wednesday night ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction.’’ So if you attend one of my webinars this year this is the webinar to attend.
The reason it targets in my opinion the best pattern in the stock market. I’m going to show you a bunch of real trades I’ve made that have made huge returns within a very short period of time targeting this pattern.
And the strategy is so simple. I talked to my eighth grade daughter in less than five minutes so I’ll take you the registration page right after this video and see you tonight 8PM EST. Thanks for watching and good luck trading.