Goldman Sachs (GS) Close Below $151.50 Is Interesting

Yesterday's low in GS was at $151.50, where it bounced quite hard.  Should we get a close below that level today I will consider a bucket 2 short side stab.  In the chat-room this morning we are discussing this in great detail. http://steadytrader.wpengine.com/members-area/  

Goldman Sachs (GS) Still Looking Very Precarious

You can read about this particular trade setup in my new ebook: ‘Multi-TimeFrame Trading & Investing – A Comprehensive Trading Plan’   Available here: http://steadytrader.wpengine.com/trading-plan/ As this setup relates to Goldman Sachs (GS), the fact that GS failed at the 61.8% Fibonacci retracement and at the 50 day moving average (yellow line), then pierced through the 200 […]

Goldman Sachs Re-Testing Uptrend From Below

Note the rising blue dotted line in the chart.  GS broke through it on March 7th and now is re-testing it from below.  I don't want to go as far as saying it's make or break here for GS, especially because of the dividend-happy news from last Friday by JPM, WFC, and today from C. […]

Goldman Sachs Breaking Out

GS reported earnings this morning and now is in the early stages of breaking out of .significant resistance (see chart below, three higher lows now followed by a potential breakout).  My thesis remains that if the Financials can hold a bid, it could keep the broader market rally alive.  I am however very suspect of […]