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GS

XLF Has Its Pre Financial Crisis High In SightsThe popular ETF, XLF follows the financial sector and after weeks of selling, it looks to have found support and be gearing up for a big move indicated by the Weekly Squeeze coiling for the past 8 weeks, with the momentum shifting to bullish this week. If you take a look at C (Citigroup), it too has a Weekly Squeeze. If you take a look at it on a Daily it also has a Squeeze which looks like it will fire long. If this move for the financial sector plays out long, I would expect a retest of its high back from January (30.33) then a retest of it's high of 30.84. This high (30.84 - May 28, 2007 - 11+ year ago) is an important one because this was the peak of the financial sector ETF ( XLF ) before the financial crisis of 2008.
AMEX:XLFLong
by TheCryptosaurusRex
Buy the Banks, Suckers!Every time I turn on CNBC, FBN, or the like, I hear a pundit or analyst pounding the table to "buy the banks." The go on to ramble a spiel about low valuation rations (P/B, P/E, P/FCF, etc), rising rate environments, yield curve inversions, and other reasons that they should outperform the markets going forward. But who's biting? A quick glance at the SPDR financial ETF - XLF - and you will likely arrive at the conclusion that this is a sell, not a buy. We've broken short term trends (red dotted lines), intermediate term trend (orange dotted line) from 2016 lows, and are approaching a trend line (green dotted line) from the recession lows nearly a decade ago. Even worse, it looks to have formed a double top at the $30 level, the first peak coming in 2007. Until there's a bid to reverse trend, this is a hard sell. Support looks to come in around $25. If that fails, the next support is around $21, but that's crash-level support. Of course, one must ponder... if the banks are rolling over, how well can the broader markets hold up? Is this the warning shots of a larger correction in the markets? Hmm...
AMEX:XLFShort
by EchoAlphaBravo
1
GS - HS& formation short from $236.83 to $19.13 GS seems forming a possible downward neckline H&S formation. Twiggs money flow deep in the negative side. Now if it can break its neckline around 236, it can decline down to 220 area. * Trade Criteria * Date First Found- April 26, 2018 Pattern/Why- H&S formation Entry Criteria- $236.83 Exit Criteria- $219.13 Stop Loss Criteria- $246.77 Indicator Notes- Twiggs money flow deep in the negative. Special Note- $225 July Puts which are currently reported to be $4.80 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:GSShort
by AcornWealthCorp
Bearish SignalsFirst off, I'm not the best @ TA, so I would appreciate it if a mistake is seen - please tell. Multiple bearish signals on Ichimoku cloud, RSI, MACD. Very similar pattern is evident on GS & MS. Default rates on student loans, retail, & personal are climbing. Combined with a mediocre jobs report, this spells out trouble for banks. However, to me, the most important thing is that big banks have continued to do sub-prime loans. They are the loaners of the loaners of the loaners. Many 2nd & 3rd tier subprime loaners have defaulted and declared bankruptcy. This is not good news for big banks, who, in my opinion, have got greedy, again. On top of this, banks did not do exceptionally well in earnings considering the tax cuts of President Trump. Nearly $200B in likely exposure, at minimum, for the top 6 big banks alone. wolfstreet.com wolfstreet.com (I quite like wolfstreet, very well researched analysis, reasonable article, in my opinion) www.forbes.com
NYSE:BACShort
by GainMachine
GS inside day after earningsGS has a inside day after earnings, and it's one of my favorite trade! The stock futures had a little bit plunge this afternoon as the news about Spain, while in terms of inside day, we won't be afraid of news. What we focus on more is the direction it breaks. If it's able to break to the upside, it means it shows great relative strength and it's still a nice long; If it breaks to the downside, then it will pretty much be a short-term trade as I am not bearish with the stocks yet. Also, there is a potential bat pattern entry I drew this kind of pattern several times as it can give different strategy depending on different kinds of scenario, so I have a clear mindset to deal with the unpredictable market movement.
NYSE:GSLong
by Trader_Joe_Lee