$C Citigroup

citigroups-monster-rally“Can Citigroup continue to lift the stock market?”  The online Wall Street Journal asked this question in a headline Tuesday night, but you need to look at the chart reproduced alongside to see just how silly the question is.  There was a story out earlier Tuesday, during market hours, that noted the stock was up 22% (!!!!!) at the time, but all that means these days is that it has risen by 25 cents or so.  From a Hidden Pivot standpoint, a rally would need to hit $4.49 — a gain of more than 300% — for Citi to become even remotely interesting. It is interesting now only because, on any given day, it can be in and out of penny-stock status several times a day.