GS (Goldman Sachs) Short IdeaShort Goldman Sachs!
Overbought AF!
RSI overbought too
88.6 Fib level on the daily/Weekly
Gaps up in the markets that are potentially going to get filled. Just look at Google before and after $800
GS
High Profit Short Level On Goldman Sachs $GSThere is an absolutely awesome short level on Goldman Sachs Group Inc (NYSE:GS) at $180.00 to short. This comes from institutional traders I know and I confirmed it on the stock chart. Check out the trend line below and notice how if Goldman Sachs jumps up to $180 it will tag the trend line which is resistance. That is where I will pull the trigger on a short. Great trade setup here, just need some patience until the stock gets up to that level.
Jenny
Verified Trader @ VerifiedInvesting.com
CITI BANK BARELY SURVIVING AFTER 2008CITI BANK IS ALSO A SHORT CANDIDATE FOR BANKRUPTCY. DON'T KEEPA NY HOPE AND IF YOU ARE BANKING WITH THEM CLOSE THE ACCOUNTS.
SHORT HSBC to ZeroWell looks like HSBC is hovering 2009 financial crisis. Time has come to short them again to go to zero or so. Red line will act as resistance line. Time to re-enter.
FAREWELL TO WELLS FARGOBlack line a Temporary bounce after hitting the black line but most aggressive manipulators can hold for the below line for max profit.
There will be a strong bounce once hits this Red support line but once broke it will go down to $4 or below. Take out profit and go short after few weeks.
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At least this is the start of the another financial crisis which well may come after election or post summer 2017. All the financials banks will start to collapse.
GS (Goldman Sachs) following up Stock up 10 $ as wave 5 as I mentioned last time. Currently stock is overbought and could see decline to 156 $ or around as correction wave. Other option is to break the resistance and continue to higher price. Coming days will approve one of options.
GS Short Term Bullish b wave correction, Take profit 50% retracement
GS has been underperforming the overall Financials, XLF, we could have a little boost to complete Wave B at 50% level.
GS.. one more advanceAccording to Elliott wave count, GS is about to advance one last time as wave V to complete the correction wave. As option trader I think there is opportunity to buy some calls when price close above trendline, and SL is near the latest valley. Target is 168$. Good luck. Remember, this is short term position and the target could be reached in few days or hours.
Become a Goldman!!!!!Time to watch for Goldman Sachs. Trend line from 2009 is a very strong resistance. But guess what? Once the trend line has been breached you are the new Goldman if you know how to play. Get ready for some good options strategy. I would like to see little bit new high/high before go short. Also this is a monthly chart so better to see how the daily chart or weekly is developing. In upcoming months it will an A list to watch for short.
10% downside if $62 is lostGS was clear signs of buying or bullish absorption earlier this year. Early April GS pullback to test and define the number of "weak hands" that were remaining. The test produced very little selling and resulting in price finding bids into resistance.
Now that the "gap" is closed there appear to be very little demand and a weak close for the week would imply that we trade lower to retest the conviction of previously identified bulls. If so longs could be exposed to 10% risk.
Good Luck
signs of accumulation. bullish above $13.00BAC is showing signs of Accumulation. We can first reference the "preliminary supply" (PSY) in the end of 2015 followed by a "selling climax" (SCLX). The SCLX is a sign of a stopping actions and marks the beginning of possible accumulation. The "automatic rally" is the "dead cat bounce" that allows us to identify future resistance. This was followed by several test and re-test.
This April BAC broke out of the range created a "sign of strength" (SOS) and "jump across creek" (JAC). Now we are seeing prices retreat on contracting volume. This suggest that supply remain in strong hands. If volume remains weak; we have confirmation that price are very likely to begin the next phase: MARKUP.
Look for prices to confirm support while "backing up to the edge of the creek" (BEUC). Coincidentl, BEUC is very near the 50% Fibonacci retracement. I'm a buyer at $12.70
Good Luck!
Starting a "markdown phase" $125 price targetI have been pretty consistent that GS has been in distribution. The most recent attempt and failure marks the "last point of supply" (LPSY) before bears attempt to put in another "sign of weakness" (SOW).
GS Distribution continuesIf BEARS are unable to break resistance prices will likely trade higher into the upper trend line of the descending channel before trading lower as DISTRIBUTION continues.
There is no sign of a selling climax so my bias is that it does continue lower
GS - make or break, wait.This stock had its recovery higher after the bottom in February, we need to see a bullish close above 168.53 for any further advance. If you look at XLF ( thank you KDLANG ) and other bank stocks, then it appears as if there is NOT YET a truly bullish conviction behind those recovery moves. But any real market strength would have to include the financials. Putting it on my watchlist and setting alerts for 168.53 USD.
$GS (D) Still too early.Negative sloping ema50 and ema200; bearish. Temporary local bottom in February. Likely candidate for a few more multibottom attempts before bulls swing ema50 and ema200 to marginally positive slopes.
Do not forget about the prior resistance above.
GS is in DistributionGoldman continues to show signs of distribution an addition to trading with a descending channel. Prices recently created a spring that is capable of pushing prices into "overbought" ranges relative to the trading channel. If buying volume remains contracted into resistance it is likely going to provide a low risk short
Good Luck!
Stay Cautious on AAPL/SPX500The recent rally may have over-extended a bit above resistance levels. However, I don't think these levels will now become support. RSI reached 100 and is now on a downtrend. I would probably short or stay neutral. Oil's/SPX500 recent rise have been a result of oil freeze talks instead of fundamentals. It could be another fake out. I agree with Goldman's take (fortune.com). Just my two cents.
GS Bear - Second ChartGoldman appears to have relatively recently confirmed completion of a head and shoulders tops. The head and shoulders are marked by short horizontal blue lines, and the neckline forms at about 172. Volume during this time period appears to support the formation, as does the attempted rally (around January 29th) on the initial steep decline below neckline support.
Based on the distance (46) between the head and the neck, a long term price bottom of approximately 126 is appropriate, albeit only an approximation.
Regarding Goldmans recent movements, a key support/resistance level for the past two months appears to be 150. While GS has for the moment bulled its way above that point, I would note that for the YTD volume is much higher when GS declines than when it rises. This is supportive of my theory that GS is still declining from a long term head and shoulders tops, as selling pressure is greater than buying pressure. This is also the case on its most recent movement to 154.65 - daily volume was at 6.489M compared to a moving average of 6.363M - not a strong enough spike to suggest the Bulls are back in charge of the big picture just yet, but completely in line with its previous bounces in the year to date.
Again, I'd love any critiques or comments at all.
Oh, as a side note I have no current or planned positions in GS - this chart is purely academic.
The Dimon Bottom Hype Is OverCNBC has loved to refer the recent pullback in the SPX as the "Dimon Bottom" because CEO Jamie Dimon purchased roughly $26 million worth of JPM shares. However, it's not looking for those wanting to hold to believe in the recovery dream.
Whether investors want to believe it or not, the U.S. economic cycle is rolling over; and, considering the very high correlation to the SPX, J.P. Morgan shares will unlikely be saved.
Since 2014, I been warning of potential headwinds from energy exposure in U.S. banks. It may not cripple the sixth-largest bank in the world, but death by 1,000 cuts won't be any better for shareholders.
On Tuesday, JPM reported a 20 percent decline in trading revenues, as well as a $500 million increase in provisions (up 60 percent) due to their energy exposure. Fee revenues were down 25 percent.
Technically, the weekly chart is showing more downside is to come. Traders are watching a 20-weekly bearish convergence with the 50- and 72-weekly EMA. Price action is, also, currently below the 200-weekly EMA.
The inability to show support above this level and challenge $59.60 could poise further stress on shares.
Near-term, we'll see price action test the trend/price demand between $52.30-$53.50. A close below $52.30 would open up $48.3 and trend lower to $43.74.
If looking at Fib. retracements, a close underneath Aug 24, 2015 Black Monday low, 1.618 Fib. extension would stand at $37.54. This would be my target for Q2-17.
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GS EARNINGS PLAYGS announces earnings on Wednesday before open, so look to put on this play before Tuesday market close.
Here are the plays:
Jan 29 142/170 short strangle
Probability of Profit %: 76%
Max Profit: $180/contract
Buying Power Effect: ~$1749
Break Evens: 140.20/171.80
Jan 29 138/143/167.5/172.5 iron condor
Probability of Profit %: 69%
Max Profit: $136/contract
Buying Power Effect: ~$364
Break Evens: $141.64/$168.86
Notes: As with all these earnings plays, look to cover at 50% max profit for the setup and redeploy the buying power elsewhere.
NEXT WEEK'S EARNINGS PLAYS -- NFLX, IBM, GS, SBUX, AND OTHERSNext week is literally hopping with potential earnings announcement plays.
I've tried to pick out the ones that (1) have > 70% implied volatility rank; (2) offer greater than a 1.00 credit ($100) for the "classic" one standard deviation short strangle setup; (3) have fairly good liquidity with options prices; and (4) offer weeklies, but there are also a few >.50/<1.00 credit plays that I might nevertheless play (e.g., CREE, SBUX), although I think I can afford to be picky here given the selection ... .
PLAYS TO PUT ON TUESDAY
CREE -- Tuesday, after market close. High implied vol rank/high implied vol, but <1.00 credit for a 1 standard deviation short strangle.
IBM -- Tuesday, after market close.
NFLX -- Tuesday, after market close.
GS -- Wednesday, before market open.
PLAYS TO PUT ON WEDNESDAY
SBUX -- Wednesday, after market close. High implied vol/but implied vol <50% and <1.00 credit.
PLAYS TO PUT ON THURSDAY
SLB -- Thursday, after market close. I don't think I've every played this underlying. It's a tech company that provides support to oil and gas, and I've got plenty of petro plays on.
Notes: There are also a couple of earnings plays that might be interesting to play via other methods. One of these that comes to mind is KMI. It's got a high implied volatility rank, high implied volatility, and liquidity. The problem is that the price of the underlying is currently $13.00, so you just can't get enough premium out of it via short strangle or iron condor to bother with it using one of those strategies ... .
