Stock-C- Citigroup - Best Day Trading Stock

Stock Symbol C - CitiGroup

Today we have chosen Citigroup for our best stock to day trade. The reason for this is due to the unstability of the stock itself. This stock moves on news and it moves wildly. If you’ve been following the stock you will have seen a fall of over 50% and a rise of over 100% the last few months. This volatility will continue this coming week as news are expected to come out of the white house on the direction they will take towards the banking sector. Also this coming week will be a strong test to the direction we should expect the market to go for the next few months.

• Spring break is coming up so expect low volume trading and low volume trading always lead to volatility.
• The DOW is expected to remove BAC and Citigroup
• Earnings kicks off starting on April 6th
• Global news of Korea’s nuclear missile launch will cause some stock market volatility.
• Friday’s employment numbers were very dismal, could signal the end of the recent runups.
• After 4 week runup, market will be left a little confused.  This will cause Citigroup to swing wildly on any news related to the financial sector.
• Old ghosts may start to creep up as catalyst for runup is dying down

So for these reasons, Citigroup takes the lead role as to our day trading stock, beginning on April 6th.  We expect to see the stock open slightly lower and rise from there. Also expect it to go up and down throughout most of the day.   A buying opportunity may present itself in the early morning.  Consider taking a quick profit if you see a rise above 3% of your initial purchase.