There Is Nothing There To Turn Citigroup Bullish

By John Mylant: If we travel back to an article I wrote on Dow Chemical (DOW) at the end of April, we can see how the stock was moving up slowly. I saw a huge negative divergence taking place in the RSI, which often points to a weakening of the bullish trend.

By John Mylant: On my last visit to the DuPont Company (DD), I wrote an article with the theme that the stock would be range bound to bearish through mid 2013. At the same time I suggested a short term income play using bearish options. This is what I wrote:

By John Mylant: I am looking at the gold ETF (GLD). I have done some research and I do not believe in the short run gold will be going up in price. From a long-term perspective it is in a consolidating phase that should eventually turn it bullish. Its long-term climb up is not solely dependent upon stimulus money.

By John Mylant: Analysts are becoming more and more bullish on Citigroup (C) since the first of the year. It is interesting to watch the adjustment in the earnings over the last 90 days. (EPS trend went from $1.06 90 days ago); ($0.93 60 days ago); ($0.95 30 days ago); to $1.04 presently. (click to enlarge)

By John Mylant: My last visit to Nokia (NOK) was the first week of November. In the article I wrote, I took the position that phone carriers would keep the company bullish and it appears they did. Because of my position, I also suggested a short term income play using options. Here is what I originally suggested:

By John Mylant: Here's an example of waiting patiently for a short-term income trade to occur. I wrote an article on GE back in August stating that the company looked better than its numbers. At that point the stock was moving up, but I suggested a short-term income play contrary to the trend of the stock. I usually don't do this; I usually go with the trend.

By John Mylant: Revisiting an article I wrote about Verizon (VZ) on June 29th, I penned about the stock slowing down and advised on a short term income play. The stock did slow down from its strong bullish climb and the income play turned out profitable. This is the original trade I wrote about: The Options Play

By John Mylant: The last article I wrote on American Capital Agency (AGNC) was on May 3rd. At that time I was bullish on the stock and there were a number of reasons. I was certain that single family mortgage rates would continue higher and the company would continue to make good money.