While downtrending over the last year SanDisk Corporation (SNDK) sold off hard from 57 to 20. After downtrending, SNDK broke resistance and has now created and inverse Head and Shoulders reversal.



The majority of the indicators that I watch are saying that Citigroup Inc (C) is looking like a profitable long swing trade.  From the geometric side of the equation, in the last 20 days, C broke its 6-month downtrend and is now creating an ascending wedge.  Right now, MACD is crossing 0 for the first time in 7 months and On Balance Volume is breaking its 6 month downtrend.  All of which are buy signals.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.