GS trade ideas
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.)
GoldmanSachs ready to shine..? This is one of my shorter time scale predictions heading into the earnings reports coming up.
With all the volatility we have managed to open a couple of more postions during the beginning of the week that are already in the green, these are set with a x1 leverage on our PI profile on eToro (Willscuba).
We currently have a reducing wedge but have seen some drawdowns recently to geo-politics. Making this a good time to increase our exposure by a small margin.
The earnings report is due April 17 before the bell.
The whisper on the street is $6.03 where as the consensus is $5.67.
If the numbers come through better than expected for JPMorgan due this friday before the bell then that should start the ball rolling for all the other financial sector stocks that we are currently holding as they usually trade in sympathy if the first few do well -unless there is a really big red herring that crops up-.
Even if the earnings disapoint we still have almost 20% free in the portfolio to capitalize on the dips that could occur just like we have with all the trade war news and potential rate hikes.
NYSE:GS
GS - Bullish Put Weekly Put Spread (OTM)Symbol: Goldman Sachs or GS
Current Price: $252.19
Short Put
SELL/WRITE
Option: 13th April $245.00 Put
Price per option: $1.09
Contracts: #5 x 100
Total cost: $109
Long Put
BUY
Option: 13th April $242.50 Put
Price per option: $0.77
Contracts: #5 x 100
Total cost: $385
Spread: Net debit/credit: $ 0.32 (net credit)
Entry cost: $160 (next credit/you get in account NOW)
Max. Risk: $1090
Max. Return: $160
Break evens at expiry: $244.70
Bank vs. Cryptocurrency #19 (GS)Continuing with my series of publications dedicated to the Financial Industry and creating variety in my publications (Variety of Industries)
If you look at my 10 past publications you can see the diversity of industries that I shared from Basic Materials to Technology Companies
from Consumer Services to Transportation this is a mix of different stock symbols in different sectors.
This is what I can do for you, put ideas in your desk and you decide.
About Goldman_Sachs_Group Inc. and the post,
The stock is trading above 2008 Highs, and this until now begins
look why
How do interest rates affect banks?
www.investopedia.com
www.investopedia.com