Goldman shortGoldman going down abit for reasons i do not know. Could never know, until after he's done anyway.
GOS trade ideas
OPTION WATCHLIST 9/8/24OPTIONS WATCHLIST 9/8/2024
NASDAQ:NFLX - Stock down after failing to hold $700 multiple times making a M- shaped reversal pattern. Looking for puts below $660 support level. Next support at $640. Stock is bearish on indicators.
NASDAQ:META - Stock back to retest support zone at $490. Looking for puts below $500 for a move towards $490 and lower. If $500 holds we can see another bounce. Stock is weak on indicator level.
NASDAQ:AAPL - Company set to have its glowtime event tomorrow with expected launch of apple iphone 16. Stock could be sell the news event. If sells looking for puts below $219 for a move towards $210 and lower. Stock is weak on Indicator.
NASDAQ:MSFT - Stock closed below 200 SMA and EMA line on daily time frame entering into bearish territory. Looking for puts below $400 for a move towards $386 and $350. If it holds it needs to break above $415 to continue higher.
NYSE:GS - Bank stocks have been downturn since the start of this month. Stock making a double top rejection at $513.22. Looking for puts below $476 for a move towards $465 and $440. Stock is weak on indicator level.
Godman Sachs Resistance Breakout At $472.14. 15.07.2024- Goldman Sachs resistance breakout identified on 4HR chart at $472.14.
- If breakout sustains, potential price target is $522.42; surpassing this could lead to $586.39.
- If breakout fails, potential downside target is $432.57; breaching this could lead to $401.52.
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Disclaimer
GS - Goldman Sachs is tapping into a major support trendGS - Is Goldman Sachs still too big to fail? Currently, price is riding the upward trendline of support. This is a critical point to indicate if price will recover or continue to fall. The market will be keeping and eye on GS.
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June 25: GS bull flag confirms strong growth?Current situation in the firm
Goldman delivered a standout Q1 2024, with earnings per share (EPS) hitting $11.58, substantially above the consensus estimate by 35.6%. The firm's revenues for the quarter reached $14.21 billion, marking a 16.3% increase year-over-year.
The company reached a record $2.8 trillion in assets under management (AUM) and a long-term net inflow of $24 billion.
The segment performance for Q1 2024 (the below numbers are a summary from their recent earnings call):
Global Banking & Markets:
Revenues: $9.7 billion
ROE: 18% on a fully allocated basis.
Advisory Revenues: $1 billion, driven by higher completed transactions. Goldman Sachs maintained its number one position in both announced and completed M&A league tables.
Equity Underwriting Revenues: $370 million, and Debt Underwriting Revenues: $699 million, both showing significant year-over-year increases due to higher industry volumes.
FICC Net Revenues: $4.3 billion, with strong performance in mortgages, credit, and currencies. Record FICC financing revenues of $852 million, primarily from better results in repo.
Equities Net Revenues: $3.3 billion, with equities intermediation revenues of $2 billion (up 14% year-over-year) and equities financing revenues of $1.3 billion.
Asset & Wealth Management:
Revenues: $3.8 billion, up 18% year-over-year.
Management and Other Fees: $2.5 billion, a 7% year-over-year increase.
Incentive Fees: $88 million, expected to reach $1 billion annually in the medium term, supported by $3.8 billion in unrecognized incentive fees.
Private Banking and Lending Revenues: $682 million, significantly higher due to the prior year's impact of the partial sale of the Marcus loan portfolio.
Equity and Debt Investments Revenues: $567 million, with improved performance in private portfolios.
Platform Solutions:
Revenues: $698 million.
Pre-tax Net Loss: $117 million, with expectations to reach pre-tax breakeven next year.
Key Financial Metrics
Market Cap: $145.2 billion
Dividend Yield: 2.4%
P/E Ratio (TTM): 17.6
P/E Ratio (Forward 1 Year): 12.5
Earnings Per Share (EPS) Growth (2023): 59.2%
Stock Price: $450.18 (June 2024)
Target Price: $518 (6-12 months projection)
Technical setup
A bull flag pattern is forming with a bullish breakout, indicating the continuation of the trend upward.
Since the local low, formed around the previous earnings the price saw a steep price trend to the upside, before taking a breather and forming the flag.
The Price-to-sales ratio currently sits well below the average which is another bullish signal since the ratio tends to navigate towards its average.
The Month-over-month returns have bottomed around the lower threshold and are ready for a bounce back.
The Wallstreet ratings are predominantly strong buy, giving it a max target price of $525 or +13% up from the current price.
Institutional ownership is rising according to the latest May fillings which is another positive catalyst for the price as it is generally good to follow the smart money.
Overall, my short-term expectations are bullish, driven by the price forming of a bull flag, strong fundamentals and business outlook, and bullish catalysts driven by Wall Street consensus and the smart money flows.
More Upside in Goldman Sachs?Goldman Sachs ran to new highs in late April. Now, after a pullback, some traders may see more upside in the Wall Street giant.
The first pattern on today’s chart is the falling trendline along the highs of May and early June. GS has pushed above that line in the last few sessions, which could be viewed as a potential breakout.
Second, the recent low around $440 was slightly above a 50 percent retracement of the rally after earnings. That may confirm trend is pointing higher.
Third, this month’s bounce was above the November 2021 high of $426.16. Is a long-term breakout in effect?
Fourth, the 8-day exponential moving average (EMA) has crossed above the 21-day EMA. That may reflect a bullish short-term trend.
Finally, stochastics have rebounded from an oversold condition. Notice how a similar pattern occurred in mid-April before the stock rallied.
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Ichimoku Watch: Goldman Sachs Preparing to Retest Record HighsAccording to the Ichimoku Indicator, Goldman Sachs (ticker: GS) is set to target recent all-time highs of $471.
You will note that the stock was on the back foot at the end of May and formed a correction that has been bought into from lows of $447 and forced price action back above the Conversion Line.
The correction was shaped by way of a bullish flag pattern which was recently completed. Now, depending on where one has determined the pole’s start and end (the chart shown here has used the low of $387 and the all-time high), traders may use the breakout above the bullish flag pattern’s upper boundary to go ahead and project the take-profit objective from the breakout point.
In addition to the close above the Conversion Line, we can also see that the Ichimoku Cloud support has been active since the Leading Span A ventured above the Leading Span B in December 2023 (though, as of current price, this is not considered immediate support). It is also clear that since the Conversion Line crossed back above the Base Line in April, we have seen strong upside in the stock’s share price. Adding to this, the stock is trading below the Lagging Span – another bullish signal.
Price Direction?
Based on the breakout above the bullish flag pattern, the uptrend, and all components of the Ichimoku Indicator suggesting bulls are in control, the chart implies buyers could continue to support this market, perhaps challenge the record high of $471, and navigate into unchartered territory.
GS goes downDivergence within Divergence.
Weekly and Daily Bearish Divergence.
Forming a rising wedge on the 4H chart, more divergence. It won’t be long now.
GS - Breakout and Retest(ing) of Prior ATHGS last month broke out of this prior All Time High level(397.52). This month(so far) it is back testing the prior ATH level.
Would be interesting to see the Monthly close on this.
As long as we are closing above prior ATH level, expecting to see 420/450 levels
If going long here, would consider Stop Loss of 385 on daily closing basis.
If playing options, I would rather wait and see at least a week to see whether we are able to hold that 400 level. As long as 400 holds, greater possibility of achieving the targets
GOLDMAN SACHS - Pullback and looking to new highs?NYSE:GS price recently broke out from a pennant, and the price seems to be bouncing from previous high. If we properly get a pullback from here to around 322-330 usd, it would be a great oportunity to buy and hold until 470-500 usd. The price has yet to test the top of the pennant and the trending line aswell. Breaking the trendline could make the current rejection at 420 usd mark play out as a double top, and posibly make the price revisit 200-250 usd.
Goldman Sachs Rides High on AI Investments & Strong PerformanceAmidst a landscape of evolving financial markets and emerging technologies, Goldman Sachs ( NYSE:GS ) has strategically positioned itself to capitalize on the growing demand for AI-related infrastructure. The success of OpenAI's ChatGPT has invigorated investor confidence, leading to increased funding in promising AI startups.
In the wake of the Federal Reserve's efforts to navigate the economy towards a 'soft landing,' Goldman Sachs has demonstrated resilience and adaptability. Despite the challenges posed by rising interest rates and inflationary pressures, the firm has reported robust performance across various divisions.
Goldman's investment banking division witnessed a remarkable 32% surge in fees, driven by heightened activity in debt and equity underwriting, as well as advisory services for mergers and acquisitions. Additionally, revenue from trading in fixed income, currencies, and commodities (FICC) saw a notable uptick, buoyed by record financing revenue in mortgages and structured lending.
Equities revenue also experienced a substantial increase, reflecting the firm's ability to capitalize on market opportunities. Meanwhile, the asset and wealth management division achieved record quarterly management fees and witnessed significant growth in assets under supervision.
The Platform Solutions unit, which encompasses Goldman's consumer operations, reported a 24% increase in revenue. As the firm continues to streamline its consumer banking segment, investors are eagerly anticipating the potential for profitability in 2025.
However, amidst the positive momentum, Goldman Sachs faces scrutiny over its consumer banking strategy. Concerns have been raised regarding the efficacy of CEO David Solomon's retail push, leading to calls for the separation of the chairman and CEO roles.
Additionally, Goldman's co-branded credit card partnerships with General Motors have been discontinued, signaling potential challenges in its consumer-facing ventures. The bank's provisions for credit losses have also increased, reflecting uncertainties in its credit card and wholesale loan portfolios.
Despite these challenges, Goldman Sachs ( NYSE:GS ) remains focused on optimizing its business model and enhancing shareholder value. With a strategic emphasis on traditional banking activities and continued investments in emerging technologies, the firm is well-positioned to navigate the evolving financial landscape."
GS 60MINS LONGThe previous resistance is very solid. When the price down to the previous resistance, a very sharpe price rebound happened. A good chance to go long.
Goldman Sachs, the Buyback King?Goldman Sachs, one of the very few giant financial services companies left, is intending to do the first mega buyback program that will exceed One TRILLION dollars into 2025. Gasp.
So the chart shows the initial buybacks commencing and the support of its stock price during the very dicey sideways trend.
The company reports earnings Monday, April 15. Enough time to catch another swing run to earnings if the current consolidation breaks out to the upside.
NYSE:GS is a Sell Side Institution and admits it is heavily vested in NASDAQ:NVDA and other big tech stocks at this time. GS benefits from higher interest rates holding through this year.
GOLDMAN SACHS ON RESISTANCE Goldman Sachs Respected the Resistance area which is likely to create a reversal ahead followed by the sell zone identified.
Navigating $GS: Key Levels and Strategic Entry Points UnveiledDive into our latest analysis on Goldman Sachs ( NYSE:GS ) as we explore crucial price levels identified in yesterday's meeting. This TradingView update unveils potential strategies for both calls and puts, guiding you through informed entry and exit points. Whether you're looking to capitalize on upcoming movements or safeguard your portfolio, our insights into NYSE:GS 's price action could be your roadmap to trading success. Join us as we decode the market signals and strategize for what lies ahead.
Goldman Sachs: Leap Over $500 or Just a Bubble?As we start into the Earnings Season, our focus turns to Goldman Sachs Group on the daily chart. Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390.
Now, the anticipation is set for Wave (2), expected to retracement between 50% and 78.6%. This retracement aligns neatly with a retest of the Triangle's trendline. The exact internal wave structure of Wave (2) remains uncertain. Given Goldman Sachs' tendency for gradual movements, we'll maintain our focus solely on the daily chart for now. This retest, while possibly extended, remains a retest, suggesting the opportunity for positioning in wave (2), or the a wave (3). Consequently, we continue to anticipate a significant and prolonged rise above the $500 mark, should the conditions align.
AVWAPGS Anchored VWAP, and consolidation range. When wicks hit within this price zone there is a very good chance of a bounce towards the upside! Running this same method through tickers on my watchlist!
🏦💹 Goldman Sachs (GS) Analysis📈 Technical Overview:
GS Price: Potential benefits in uncertain macroeconomic conditions.
Resilience: Historical resilience, particularly noted during the 2008 financial crisis.
Private Equity Capital: Significant capital in private equity firms ($1.3 trillion at the start of 2023).
Potential Impact: Expected to benefit intermediaries like Goldman Sachs.
📊💼 Financial Outlook:
M&A Deals: Expected to facilitate complex M&A deals, earning fees for the company.
📈🚀 Trade Sentiment:
Sentiment: Bullish on Goldman Sachs (GS).
Entry Range: Above $320.00-$325.00.
Upside Target: Set in the $520.00-$530.00 range.
🔄💡 Note: Monitor macroeconomic trends for confirmation and adjust strategy accordingly. 📉💡 #GoldmanSachs #GS #FinancialAnalysis 🏦💼
Will Goldman Get Going?Goldman Sachs has gone nowhere for two months, but some traders may look for that to change.
The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it at the end of last year and has remained there since. That could suggest old resistance has become new support.
Next, Bollinger Band Width narrowed during the consolidation period. Will price expansion follow that period of compression?
Third, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in December. That may suggest its longer-term trend has grown more bullish. (GS also bounced at the 50-day SMA this week.)
Next, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect bullishness in the shorter term.
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Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
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Goldman Sachs Group (GS): Can we see a One-Two?✌️As we have seen some interesting earnings with ourperforming assets like NASDAQ:META , NASDAQ:NVDA or NASDAQ:MSFT , our focus turns to Goldman Sachs Group NYSE:GS on the daily chart!
Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390.
Now, the anticipation is set for Wave (2), expected to retrace between 50% and 78.6%. This retracement aligns perfectly with a retest of the Triangle's trendline. The exact internal wave structure of Wave (2) remains uncertain. Given Goldman Sachs' tendency for gradual movements, we'll maintain our focus solely on the daily chart for now.
Goldman Sachs Pennant Re-Test (earnings release details inc)Goldman Sachs - NYSE:GS
Chart looks promising
✅ Rising 200 week and 200 day
✅Break out of long term pennant
✅ Pull back would be healthy here
🚨 Main concern would be a double top rejection from red line on the chart
Earnings Perspective
Rev ~~ $11.32B, EST. $10.84B
EPS ~~$5.48 VS. $3.32 Y/Y
AUM ~~ $2.81T, EST. $2.77T
PUKA
goldman sachs options earning ideawhat the lines mean
buy & sell markup
blue line is buy break
red line is sell break
green lines are the contracts you could take
sls below the buy/sell breaks
Goldman Sachs (GS) pre earnings Simple chart here.
Broke out of a major pennat back in December.. technically this pennant should take GS back to ATH but first it needs to get over 390 hurdle.
Over 390 and long it to 422
Reject at 390 and short it back to 350
