Back in late February, if the Dow Jones was down 150 points, Citi boutiques near me would be down at least 10%. Holding right around $3.70, you can’t ask for a better performance from C. I am watching $3.96 & 4.00 as resistance levels on the upside. Support seems to be around $1.30 while resistance is located at $1.62. Support has now moved up to $2.70. Cell Therapeutics, Inc. (CTIC) – CTIC is the most popular stock right now as the company is preparing to release data on Pixantrone at the upcoming ASCO conference. If the financials would have been down heavily, the stock market would have gotten crushed on Thursday. Financials: The bank stocks actually held up well on Thursday despite the downturn we saw in the stock market. The Dow Jones Industrial Average closed at 8504 on 5/18/09, as the stock market exploded higher on a Bank of America upgrade as well as the India Sensex market jumping 17%. The Dow Jones Futures were weak overnight but the India news turned things around quickly.
Below is a list of stocks that are worth watching for May 22, 2009. Also, check out the Biggest stock Gainers of the Day. Below is a list of stocks that are worth watching for May 20, 2009. Also, check out the Biggest stock Gainers of the Day. I will keep these on my watch list and if they break up through the high of day on Friday, I will buy buy buy for a quick bounce trade. A close over $4 and I jump back in Citigroup stock for a retest of the $4.48 high in April. Over the recent years, stock market scenario has induced a sense of risk in every move and step. Just look at the Nasdaq 100 ETF ( QQQQ ) – Today the stock traded just over 90 million shares where the 3 month average is over 160 million. BAC stock was boring on Tuesday despite the upgrade to buy on Monday out of Goldman Sachs.