Core Businesses Still Very Weak At Citi And B of A

(Source: “Citigroup, B of A Results Shine Light On Failings” (subscription required), The Wall Street Journal, C1, July 18)

(Source: “Citigroup, B of A Results Shine Light On Failings” (subscription required), The Wall Street Journal, C1, July 18)
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
This is an extremely bifurcated market. While the generals like Apple (AAPL) and Google (GOOG/GOOGL) have mostly held up (and the indexes have too as a result), a stealth bear market in important but not leading stocks has taken place…
NOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top…
In recent weeks I noticed some technicians becoming bearish on one of my favorite stocks: the country’s leading grocer, Kroger (KR). In addition to Greg Krupins, one of the most well known technicians – Carter Worth – weighed in bearishly…
It’s been two weeks now since I wrote “How To Navigate A Bubble”. Since then, the S&P has tacked on another 50 points – from 6,664 to 6,715. Market timing is notoriously difficult. So difficult, in fact, that many of…
The quality of this rally is low…. The move is powerful but the underlying raitonale weak. – Greg Feirman, Top Gun FP Client Note: The Facts Are Stubborn, April 27 [The bounce was] in extraordinarily dubious quality names. These were…