Citigroup (C) and Goldman Sachs (GS)
Click to EnlargeThe back-and-forth market action of 2014 has also created some interesting technical set-ups in individual stock charts across a wide range of sectors.
Click to EnlargeIn financials, the Citigroup (C) and Goldman Sachs (GS) charts have formed similar patterns, moving close to long-term support while trading under flattening 200-day moving averages. Both stocks have bounced in the recent rally, but it won’t take much of broader-market downdraft to send these two names under support. Watch $45 for Citigroup and $150 for Goldman Sachs. Under these levels, the year-to-date underperformance of these stocks could evolve into something larger.