Greg HarmonFounder and President, Dragonfly Capital Management
Gregory W. Harmon, CMT, CFA, is founder and president of Dragonfly Capital Management. There, he provides expert technical analysis and trading ideas using stock and options. He also is a Founding Partner and CIO of Presidium Capital Management, an asset management firm investing for clients in separate accounts. Harmon has more than 25 years of trading experience at BNP Paribas, State Street and JPMorgan. He also is the author of Trading Options: Using Technical Analysis to Design Winning Trades.
Yahoo stock looked like it was in good technical position at the start of 2015. But YHOO has taken a wrong turn halfway through the year.
After a disappointing stumble to start 2015, YHOO stock might not be the best stock for the year, but it still has a lot of potential.
Yahoo was the subject of much debate in 2014, thanks to the Alibaba IPO, but make no mistake: YHOO stock will have a great 2015.
Citigroup shares continue to trade in a zone with no edge to trade or invest either way, which tells this chartist that C stock should be ignored for now.
I still like the technical setup here, but the near-term fundamental picture is cloudy at best.
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