Goldman Sachs at $128 Is Multi-Year Support
A Graphical Reference Point For The Weak Financials
The financials as measured by the popular XLF etf has been a distinct underperformer relative to the broader market as well as the more defensive sectors over the past two months. Instead of delving into a flurry of reasons for this let me just point out a point of reference hat that we are looking […]
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 […]
I Recorded Today’s Pre-market Video, Available Shortly
Available shortly here: http://steadytrader.wpengine.com/video-2/march/
Pre-Market Notes – Tuesday March 29th
Pre-Market Notes – March 29th With the SPX right at (but above) the 50 dma, yesterday was a bit of a lazy session. Investors need some rest here to digest the wild swings from the past two weeks. At the same time it is quarter end (3 trading sessions left) this week so I would think the swings […]