Let's see how this plays outLooks good to short. Will monitor for an hourly close below the neckline
GS trade ideas
GS Rally is overRSI and price for GS is out of sorts big time. Head and shoulder patterns everywhere, and what they should have been, if Trump had not been elected, but he did. so.... we had the rally, green box, but note while the price soared, RSI headed down down down. Such a divergence I have never seen, more than historic, it was not real, all manufactured on retail hope and back channel whispers. These are the kind of distortions that when reality hits, they crash markets. So do we 1, hit the 200 day ma, 2 hit the trend line, or 3 crash like "they" never knew what hit them? Earnings tomorrow, set up for that today, with the Wells Fargo fiasco waiting in the wings. I've heard both sides cherping, bears and bulls. But doth mine ears detect a bit of false hope talk in them bulls, yes me do. The kind of talk that is designed to make you (not them) buy buy buy the rumor, while they sell the facts at the inflated price, ahead of earnings report before the bell tomorrow. And I do not trust earnings reports anymore, there is too much at stake, there is no accountability, and whatever it takes for them to tweak the report in their favor, they do it (AKA false news), because false news is now another way of getting away with a little lie, or a bunch of little lies to suit a purpose. Sorry, but the last 8 years that is what has changed. Starting with the Democratic government of Obama and throughout the Liberal media ( I will not call them news organizations anymore) Our system depends on people telling the truth, and that is why people place their hand on the bible before they testify in court. Because there is honor in it. Remove that honor, from the "honor system", and this is what you get, a system and "fake news" without honor. They should just do the lie detector thing in court from now on, and they should also hook the earnings calls CEO to one too, while he/she does the report, and when broadcastors report, they should have one hooked up to them too, so we can watch the little needle go up and down as they talk. Suddenly no one is laughing, right? LOL. And there is simply NO Way I am trusting the Wells Fargo speak. Otherwise, don't trust their words or reports. They are false news. So how can we trust price of a stock anymore, some but surely not all. This chart proves that point. RSI has honor in it, the price does not. Indicators are algorythms, facts. Maybe the black swan this time is when truth and honor re appears and takes hold of the real stock prices, and the bubble is the big balloon filled with all the hot air of lies, and false news, and the balloon pops, and all that hot air of inflated false new stock prices, and we are left with real valuations. This starts what may be the most important earnings season ever, at least to me. IMO. Its a busy chart, but I hope you get the point, of what should happened, what did happen, and what may happen.
GS forming a long wedgeSince it peaked out and dropped to the low 220s, GS been making a nice wedge. It's worth watching for a big move.
The Goldman ShortMight get a bounce at -1.11. If you're lucky you'll catch some shares to short at $1. In all reality, this stock is going to 200 after their earnings call, so there is "no risk" in this trade.
This is a really big divergenceThink the banks are heading south soon.
Also a five wave up is done at a minimum level.
This is similar to the rates wave count.
I MADE THIS TRADE EARLIER TODAY BUT DIDN'T HAVE TIME TO PUBLISH GOLDMAN RARELY TRADES BELOW THE LOWER BOLLINGER BAND, LET ALONE STAYS THERE FOR DAYS AT A TIME. THIS IS ONE OF THE FEW TIMES IT HAS AND IS DRAMATICALLY OVERSOLD AS WELL AS BEING THE CLASS OF THE GROUP. IT IS ALSO THE MOST HEAVILY WEIGHTED EQUITY IN THE DOW, RESPONSIBLE FOR $106 OF THE $307 PT DECLINE FROM THE TOP (THRU FRI). I BOUGHT THE GS 4/7/232.50 CALLS @ $1.51 (CLOSED $1.29)WHILE THE STOCK RALLIED 5 OFF THE LOW AND 1.50 FROM THE HIGH...A GREAT SETUP FOR TOMORROW...OZ
Long Goldman Sachs Group Inc.we ile a lot the set up for this stock. The 230 support looks like its working fine, we would be looking for long positions towards the 252-254 support. We are looking for a last bull rally in the markets before a massive sell off in the third and fourth quaters of this year
Long Goldman Sachs The financial sector is having a tough week. Today the sellof looks like its pumping the brakes, and the set up for Goldman Sachs looks really nice. The support @ 228 looks like its working just fine, and we could be looking to take long positions towards the 250-254 ressistance.
Goldman SachsBuying the pullback here in GS. Looks like an exhaustion of sellers is likely at this level, should cause a price to pivot here IMHO.
Entry: $243.39
Target 1: $256
Stop Loss: $240.99
Reward to risk ~ 4:1
GS Analysis #2Here you can see that the stock is moving along a potential resistance point. Waiting...
Goldman Sachs - rising trend breached amid flatter yield curveA flatter yield curve us bad news for the banking stocks.
Bearish price RSI divergence followed by a breach of the rising trend line suggests the 50-DMA support of 243 could be put to test.
Goldman Sachs - Flattening yield curve, bearish outside day Correction could gather pace as the treasury yield curve continues to flatten. Meanwhile, we have a bearish price-RSI divergence and a bearish outside day candle on the daily chart. The share price could drop to 230 levels
Goldman Sachs 'Agnostic' On Gold PricesGoldman Sachs analysts say they are “agnostic” toward gold, looking for the price a year out to be only slightly above current levels.
Gold has rallied a little more than $100 an ounce since the metal hit its December low, with Goldman saying the bounce has been in line with other market moves, such as long-dated U.S. real interest rates, and shifts in sentiment towards U.S. growth and wealth creation.
Goldman Sachs outlookDo I need to say why? Wait for bull count to hit 0. Gap in bull count confirms bearish trend. You are welcome.
