Stocks Face a Big Test This Week – Financials * US * News * Story – CNBC.com

Stocks Face a Big Test This Week – Financials * US * News * Story – CNBC.com

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First trading day of 2009 Market Trend

The Dow Jones closed up 258.30 points or 2.94% to 9034.69

That’s the end of the bear market people. New up-trending trend lines have been drawn to show you where this new trend is heading. UP UP UP…..

After producing one of my classic bullish breakouts from bearish trend signals, the market has got stronger.

This is a great time to start looking for a bullish breakouts from bearish trend in any of the DOW JONES 30 stocks.

The Dow Jones isn’t the only market to be bullish.

FTSE

London’s FTSE was the first market to signal a bullish breakout from bearish trend on the 9th December 2009. It then had a slight reaction before continuing the new trend 4 trading days ago.

The NASDAQ and S&P 500 are following the Dow Jones

S&P 500

Here is one of the stocks from the DOW JONES 30 which has just produced a bullish breakout from bearish trend Citigroup ( C )

I was keeping a close eye on this stock at the market open, I wanted to see if it was going to open above the upper bearish trend line. I wasn’t disappointed, the  stock hit my entry price straight away so in I went, LONG Citigroup.

My LONG Entry was @ $6.85

Exit @ Not sure yet, I want to ride this stock up.

Stop @ $6.50