GS trade ideas
Goldman running into earnings Having lagged its peers throughout 2019, recent upgrades and optimism coming into earnings on the 14th Jan have sent the stock on a fantastic bull run.
Strong historical price resistance on the horizon so less risk is to trade the break above or indeed wait for earnings to see the stock reaction, it could very well be a sell the news event.
GS to SOARAccording to goldman sachs, their stock is unfairly undervalued. They believe their stock should be trading at $400 per share, which tells me that they're gearing up for some changes. My year end price target is back to all time highs. If it hits, I will hold should accumulation present itself.
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Goldman Sachs running out of steamThey banks have been on a rally in 2019 and although GS still lags behind and has actually broken through some major resistance, they indicators are signalling that a retrace is on the cards.
Moving averages also need to catch up to provide some support.
Pullback could be as low as $209
Goldman Sachs Monthly Income--LongStock is trading in an uptrend on the Weekly chart. I have identified fresh Supply Zones and fresh Demand Zones on the Daily charts.
Goldman short play?looking at GS on the daily seems like we have a bearish div looking to play out pull back on the horizon.
short to 225 this coming week.
Goldman Day trade possibleStock breaking out from well defined channel (flag) with $235 first target
$GS Buy the break above Resistance in Goldman Sachs Entry level $232.61 = Target price $245.04 = Stop loss $228.82
Upgrades galore for Goldman this week.
The OBV and RSI in very strong uptrend.
The stock lags its peers so may attract some catch up money into the end of the year.
The compnay is changing its structure and its cooperation with AAPL is a major boost.
$GS Goldman Sachs approaches resistanceAlthough GS has lagged its peers in recent weeks it has trundled up a well defined channel but those advances have now stalled at horizontal and Fibonacci resistance.
It will take a almighty market rally to get GS back to its highs of 2018.
Goldman Sachs Equities Offshore | Goldman Sachs GS
The price testing the 4 1/2 month horizontal resistance. Shoulder we see another pullback to below $218 - combined with continued buying support - trader could use the opportunity to take a buy long for a breakthrough to $241.
NYSE:GS
Short on #GSAfter a triple top pattern, the stock did unexpected pullback. This caused negative divergence with Stochastic oscillator and it is confirmed by MACD.
The support and resistance are set to buy Fibonacci retracement & Fibonacci projection.
.80% exit on 0.786
.20% on 1
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Stock of the Week: Goldman Sachs Group (GS)Local Breakout after Bullish Behaviour Suggests Further Advance
WYCKOFF STORY
Upsloping price structure of higher highs and higher lows suggests accumulation that happens on diminished supply signature.
Last bar acts as a local breakout which is confirmed by increased demand signature.
Up trending OBV suggests that institutions are actively getting into this position. Relative Strength is improving.
Trading Target $180 Count Line + (21 boxes * 3 reversal * $2 box size)= $306
Pattern Confirmation Continuation of rally above $230
Pattern Failure Close below $190
GS has gap to fillGS ready to fil gap going into next week on the 30min, made a solid run on Friday.
GS longCan we sustain this breakout ?
I can c a few positive signs
well formed @W@
A cup & handle
Breaking a 3 month sideways move
Moving avg r just in place
Can u c more signs?
The Goldman Sachs Group, Inc. (GS) – breakout ideaThe Goldman Sachs Group, Inc. (GS) – approaching potential breakout point at 234.
GS shortThe daily candle for today rejected at a previous resistance. We also see the lagging span reject the same area as last time.
The previous two times when the price closed under the $219.25 price level, it continued downwards.
I am planning to short until $215.72-ish, which is where I will be watchful waiting since I expect a bit of resistance there. It is still possible for GS to continue its upward trend, which I will be watching for carefully.
Goldman Sach
Goldman Sach is in bullish trend.
For short term price will form a corrective wave and may come down to the levels of 210.
Long term trend is bullish and we can enter once correction is over.
Goldman Sacks warns that buybacks are ‘plummeting,’Goldman warns that buybacks are ‘plummeting,’ ending a big source of buying power for the market
Corporate buybacks are “plummeting” as companies tighten their purse strings, and it could have a big impact on the market, Goldman Sachs warned in a note to clients.
In the second quarter, S&P 500 share buybacks totaled $161 billion, about 18% less than the first quarter, the firm found. The amount spent on buybacks this year is down 17% from a year earlier, although it is on track to be the second highest total on record, Goldman said.
The firm anticipates that this trend will continue, saying “early indications suggest second-quarter weakness in buybacks may persist.”
For 2019, total buybacks will drop 15% to $710 billion, and in 2020 they see a 5% decline to $675 billion, the firm predicted.
Share repurchases have been a key element during this bull market, the longest on record. By repurchasing shares, a company reduces the number of shares outstanding. It can have the effect of boosting the stock price and lifts earnings per share figures.
It’s a frequent, but not always popular, move for companies. Some argue that instead of using buybacks, companies should invest more in capital investments. And Washington is taking note. The House Financial Services Committee, for instance, is looking at ways to reform buyback spending laws.
All spending is slowing
The slowdown in buybacks is part of a larger trend of spending cuts, Goldman found, as trade uncertainty and stalling global growth weigh on the market.
Total cash spending fell by 4% year over year in the first half of the year, according to the firm. It anticipates cash spending for the entire year will decline by 6%, making it the sharpest yearly decline since 2009.
During the third quarter “CEO confidence plummeted to the lowest level since the Global Financial Crisis,” Goldman said. It cited a recent study from Duke University that found a majority of CFOs expect the U.S. will be in a recession within the next year.
“Companies spend less cash when policy uncertainty is high. During August, global economic policy uncertainty registered the highest level in at least 20 years. Historically, growth in aggregate S&P 500 cash spending has been weaker during periods of high policy uncertainty. The combination of an ongoing trade conflict and next year’s US presidential election will likely result in lingering uncertainty,” Goldman’s David Kostin wrote
