T3 is Banking on a Bounce for C

Welcome one, welcome all. This afternoon we are taking a look at a T3 Power Suite Signal, fired on Citi. Let’s jump in and take a look at this reversion setup.

T3 likes C for a quick bounce off of support.

T3 Power Suite

So C has been on the decline for most of the month, but it closed today on a pivotal support level, just below $66.00. The last time this level was used as support was back in July and it reacted very strongly to it, leaping from $66 to almost $70 in a matter of days. T3 is looking for a very similar move. While C is now trading below its 50 SMA, volume is pumping into the stock, which could initiate the snap back move we are looking for. If this setup proves to be fruitful, we could see it rebound back into the $68 zone in a hurry.

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The T3 Power Suite is all about consistent gains with minimal drawdowns. T3 is potently profitable because it combines high returns with preservation of capital, making it the perfect balance of aggressive and defensive trading.

The T3 Strategies look for short-term pullbacks in the market and then executes Long Trades on the likelihood of a reaction rally. This is, of course, the  Reversion to Mean or R2M trading method. The R2M method states that markets trend about 80% of the time. But, within the trends, pullbacks occur that create temporary oversold conditions.

Our goal is to find these pullbacks at the moment they appear oversold to the market and then buy them before the bounce. We hold the short-term position long enough to capture the reaction move and take a profit.

That’s all for tonight. Happy trading!

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