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Politics : Idea Of The Day
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To: J.T. who wrote (30473)1/18/2000 12:06:00 PM
From: J. P.  Read Replies (1) of 50167
 
I won't go against the trend or call an exact bottom, but the bonds look overdone here.

Citigroup looks very compelling to me here as it closed above it's 50 and 200 dma, it has built a long base, has broken out of the base Friday, the fast MACD crossed over, and there is no overhead resistance. Their earnings report looked good to me. My only complaint is an overbought projection oscillator, but that is not the end all indicator. I picked up a partial position this morning on the early "weakness".

I feel that any strength in bonds and the general market will spark a nice rally in C.

I feel that Microsoft should do well on their earnings tonight, PC unit sales are fine.
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