Banners of red and white line up the streets of Singapore.
The flag of Singapore can be found in parks and many community spaces.
National Day songs fill the malls and radio stations.
Singapore’s 60th birthday is less than 2 weeks away.
As I reflect on the journey that Singapore has taken, I realize the fragility and importance of peace and harmony.
There were moments of hostility in Singapore, but that was eventually overcome through integration and education.
I wish for peace in Singapore and our neighboring countries.
Switching back to the stock market, are you curious to find out how the stocks shared in July performed?
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Synchrony Financial: No entry
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Northern Trust: 2.6%
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Core & Main: 8.3%
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Advanced Micro Devices: 6.3% and counting
July started brightly before the overall US market took a break and went sideways. As deals were cut with the US, the bulls gained new strength and pushed the overall US market to new all-time highs almost every day.
This enabled the S&P 500 to enjoy a return of 3.1% in July.
With the bulls firmly in control, the #PowerStocks picks excelled, providing an average return of 5.7% (or 2.6 percentage points higher than the S&P 500).
It’s a pity that the trade idea on Synchrony Financial didn’t work out. Thankfully, there was no entry according to my trading plan.
On the other hand, the trade ideas for Northern Trust, Core & Main, and Advanced Micro Devices proved successful.
A pullback was anticipated in each of the trade ideas, and their share prices did pull back to the highlighted price area before rising to meet my price target (except for Advanced Micro Devices, because the trade is still ongoing).
I shall review last week’s #PowerStocks pick, Advanced Micro Devices (AMD), in the next section.
Review Of Last Week’s Pick Of The Week
Advanced Micro Devices was last week’s stock pick.
It’s 1 of the world’s largest semiconductor firms.
After rising by more than 20% in recent weeks, its shares began pulling back.
And its share price fell to the price area around $154 as anticipated.
Immediately, its shares rose 6.3% and I’m considering taking profit soon.
Where do I plan to take a profit at?
Head over to my Telegram Channel to find out!
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I know and understand that the allure of high returns without effort is highly attractive. It breaks my heart when I hear of people falling for impersonation scams.
To protect you from scams, please note that my team and I WILL NEVER solicit for any investment.
A list of our official communication channels can be found here.
Why Is Swing Trading Citigroup (C) Worth It?
Source: citigroup.com/global
Citigroup is a well-established global financial institution, offering a diverse range of services including consumer and investment banking, wealth management, and securities brokerage.
With a market capitalization of over $176b, this ranks Citigroup among the top 100 largest companies in the world.
Despite this mammoth market capitalization, its shares are explosive in nature; exploding upwards 20 times in the past 11 months, with each of them measuring between 4.8% and 17%.
Having risen over 12% in recent weeks, I smell a pullback approaching.
This could be the perfect moment to buy its shares and capture its next explosive upmove.
What’s my game plan?
Where’s a favorable price area to buy its shares at?
Continue reading to get the details.
P.S. What if I told you that you could drastically gain control over your emotions of fear and greed, and master the stock market in a short amount of time?
My team and I have worked tirelessly to help you achieve results fast.
Click on the banner below to claim your stock course for free (limited time) now!
Performance Of US Stock Market vs Citigroup (C)
The very 1st thing I want to know is the trend of Citigroup’s shares.
Knowing the trend of its shares allows me to determine whether I’d look for a buying or shorting opportunity because following its price trend will sharply increase my chances of profitability.
Looking at the chart above, its shares are in a strong uptrend. Hence, I’d like to find an opportunity to buy its shares.
What’s next?
I’ll compare the performance of Citigroup’s shares against the S&P 500.
Why?
I want my hard-earned money to work hard for me. A stronger performing stock is likely to continue bringing a return that exceeds the market’s. So, I’ll refer to the comparison chart above again.
While the S&P 500 has risen 15.6% in the past 3 months, the shares of Citigroup have risen 40.3%, or 2.5x more!
This outperformance is highly welcomed and I’m all ready to buy its shares for an explosive swing trade.
But, am I missing anything?
How Explosive Is Citigroup (C)?
Yes, it’s premature to buy the shares of Citigroup just yet.
Because I aim to buy its shares and ride its next upmove instead of going through the ups and downs, my holding period will be approximately a week or 2. Therefore, I want its shares to have the ability to explode upwards.
Have the shares of Citigroup been able to explode upwards consistently?
Marking out the explosive upmoves for the past 11 months has left me stunned.
There are 20 explosive upmoves, and each of them measures between 4.8% and 17%!
This is made even more impressive when I discovered the size of Citigroup.
Citigroup enjoys a huge market capitalization of over $176b!
For the shares of a company of this size to consistently explode upwards between 4.8% and 17% is mind-blowing!
Additionally, I appreciate that Citigroup enjoys an enormous market capitalization, as this provides an extra layer of security against manipulation. I don’t wish to lose my hard-earned money to manipulation that could be easily prevented!
Here comes the golden question: Is it time to buy the shares of Citigroup for an explosive swing trade?
Key Price Levels
Timing is crucial for many things in life. This includes stock trading and investing.
Buying an explosive stock at the wrong time can result in significant losses and emotional distress. This will cause you to lose confidence, and you’ll doubt yourself even when a fantastic trading opportunity arises straight from under your nose!
So, is there a way to tell whether the time to buy the shares of Citigroup is here?
Yes!
You can do so by uncovering its key price levels (also known as support and resistance zones). And that’s what I’ve done in the chart above.
After rising 12.3%, I sense a pullback coming.
And when it comes, there’s a strong chance for its shares to drop to around $92.50 before rising.
Therefore, I’m waiting for the above-mentioned scenario to happen before buying its shares on the bounce off $92.50 to catch its next explosive upmove.
Here’s a pro tip: Instead of staring at your screen, consider setting a price alert on your broker’s platform to be notified so that you can spend precious time with your loved ones.
Which Instrument Should You Consider Using?
Do you ever wonder about the instrument used to trade explosive stocks?
With 3 main trading instruments available – stocks, contract-for-difference (CFD), and options, you wonder which suits you best.
Since stocks (as an instrument) is easy to understand, I shall focus on CFD and options.
Here are the main similarities and differences:
CFD works like a mirror to stocks. When a stock rises $1, its CFD rises $1.
However, due to its unique pricing mechanism, your options price doesn’t rise by the same amount. In fact, depending on the market conditions, the price of your options contract may even drop!
Your CFD broker will charge you a finance fee for lending you money for your trade. However, no lending is required for options, so there is no finance charge.
Because there’s a finance charge by your CFD broker, CFD is not the ideal instrument for mid to long-term trades. On the other hand, options allow you to implement different strategies across time horizons.
Both CFDs and options are leveraged instruments because they allow you to control a larger market position with a smaller amount of capital.
While CFDs do not have an expiration date, options traders must pay attention to the expiration date of their options contracts.
You must be thinking, “What’s the beauty of trading options?”
Options are like smartphones. You can choose to use a smartphone for its basic or advanced functions.
And options don’t have to be all about Math and dry!
It can be made easy to understand through real-life analogies.
In the same way, you can implement basic and/or highly advanced strategies depending on your level of comfort.
Options allow you to be versatile in adapting to the shifting market conditions and capturing opportunities in the process.
Are you a CFD or options trader?
I’m glad to be fluent in both.
Finally, this is for educational purposes. Please perform your due diligence.
All images are taken from pexels.com, pixabay.com, sectorspdrs.com, tradingview.com, and unsplash.com, unless otherwise mentioned.
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Many new traders are often left confused by conflicting signs and signals.
Worse still, ~80% of traders lose money.
This is because trading isn’t just about skill alone.
It includes the mastery of your emotions.
But what if I told you that you could quickly gain control over your emotions of fear and greed and master the stock market?
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