Today's Most Traded Stocks: Citigroup, SPDR Trust, BofA (NYSE:C),(NYSE:SPY),(NYSE:BAC)

The most active stocks traded today were the usual suspects we've seen for months on end, the winner was Citigroup Inc. (NYSE:C), followed by the SPDR Trust, Series 1 (NYSE:SPY) and in third was Bank of America Corp. (NYSE:BAC).

Symbol	Name	Last Trade	Change	Volume
C	CITIGROUP INC	3.20 3:58PM ET	0.05 (1.75%)	503,319,729
SPY	S&P DEP RECEIPTS	109.97 3:41PM ET	0.66 (0.60%)	233,933,883
BAC	BK OF AMERICA CP	15.27 3:41PM ET	0.50 (3.39%)	219,995,126

The usual 500 million Citigroup shares passed hands today, which is just below its normal daily average of 515 million shares.  Thus far in 2010 Citigroup shares are down 3% and have traded in the $3.20 to $3.60 range.  As we mentioned yesterday the big U.S. banks may be the biggest losers for 2010, and we are talking the big names like Citigroup Inc. (NYSE:C), Bank of America Corporation (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM).  Despite recent earnings that imply a more optimistic future, the fundamentals are screaming at many investors.  Add a little Obama to the mix and you may indeed have the recipe for disaster for banks.

Obama is laying down the law for the big banks… no more trading, not for commercial banks. Michael Shulman seems to agree.  He comes to us today with convincing statements as to why shorting the big banks might be the best investment for 2010.

The SPDR S&P 500 ETF (the Fund) (NYSE:SPY) traded almost 2x its daily average today.  The SPY formerly SPDR Trust, Series 1, generally corresponds to the price and yield performance of the S&P 500 Index. The S&P 500 Index consists of 500 selected stocks, all of which are listed on the exchange, the NYSE or NASDAQ, and spans over 24 separate industry groups.  See charts below for Citigroup and the SPY: