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 […]

Research In Motion Still Sliding Lower. My Profit Targets:

I've rambled about this over the picturesque head & shoulders pattern in RIMM.  In the daily newsletters and chat-room we've actively managed this position and are slowly taking profits.  Next area of profit taking is around $52.50, with a final hurray closer to the $50 mark.  Scaling into and out of positions, that's how we […]

S&P 500 Inverted Head & Shoulders Pattern

I think it's worth pointing out the inverted head & shoulders pattern (bullish) that developed in the S&P500 over the past 1.5 months.  With a neckline around 1340, if this pattern plays out texbook it would mean the SPX could rally all the way to around $1430ish.  Just a thought for now though, I am […]