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Goldmansachs

Something DifferentI don't usually trade equities, but a fellow trader told me to take a look at the Goldman Sachs chart... Price is currently consolidating near the 10 year high of $250.70, after a huge bullish run in the second half of 2016. For me, what I'd be looking for now is a break & retest of this $10 channel, with targets around $218.00 and $200.00 (good psychological level), which would profit between $19 and $37/share. The icing on the cake for me was a quick look at the RSI, which shows clear bearish divergence on both the daily and 4H chart..... IF we do in fact see the breakout, it could happen within the next few days, or next week Tuesday when earnings comes out, which is estimated to be worse than last quarter. **Full Disclosure : Even if this setup works out in the end, I probably wont be trading it, just a first glance analysis.**
NYSE:GSShort
by jonathanwright
GS @ 15 min @ just a little bit - daily (3 GAP`s left behind)Basic horicontal lines (support/resistance) are: 242.42 high of last week 235.54 low of this week 225.73 opening price & low of last week GS opend this week around last weeks highs and created weekly lows around basic upside, before breaked out slightly today. Noticable, at in my opinion, are the facts, that GS created 3 GAP`s. 3 Upside GAP´s are suggesting me, that many traders are scared not be long also. Usually GAP`s got the property to be closed - in a superior upside trend. And that`s the reason why i adon`t wanna ignore all 3. I am relative surely that the market will let all 3 left behind, while next week at least. But market pressure like yesterday is always possible - even if the fundamentals are suggesting still higher prices. How ever, use the GAP`s still as an entry, guys :) i bought today some CFD`s at 241.50 :agree: 241.62 & 240.27 3rd GAP (before todays outbreak) 238.20 & 237.50 2nd GAP (after fals breakout while monday) 236.72 & 235.54 1st GAP (thursday opening, last week price targets (based on development last days) could be 243,22 last alltime high & 3rd GAP 246,64 last alltime high & 2nd GAP 248,12 last alltime high & 1st GAP superordinate prices targets (on higher time frames) are still 249,30 last week alltime high & low of this week 250,70 all time high from october`07 259,11 last weeks high & low difference JPM for example breakedout for a long minutes, hours, days. From tis point of view, don`t get panic if the price raises too much at once. Of course, it`s all relative - not only compared to other bank or financial shares! But in historical context - even before so called financial crises `07 - the numbers we`re not better as the political (trump, reds, fiscal policy) or even financial market environment (low rates - cycles is slightly starting) :) Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a analysis (for swing traders) - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
NYSE:GSLong
by Devise2Day
1
MORGAN STANLEY going to file BANKRUPTCY by 2021In 200 it peaked then in 2007 it peaked again and now in 2015 it peaked. But all the time it went high it made lower lows in historical prices trend. The support is near $10-$10 but when it penetrates guess what? -all the hell will break loose. There are couple of ways to stop it. Stock reverse split, bail out or short ban or buy out. But the problem is when other financial institutions are struggling their own who want to buy MS ? Due to their corrupt accounting system we can't even get the real values of the junk assets they are holding. may be only few pennies on the dollar. The other options also will not work out in long term. Think by 2012 it will be vanish their foot print from earth.
NYSE:MSShort
by sum1
Goldman Sachs – Multiple bearish patterns on daily chartDaily chart shows – Breach of rising trend line Bearish price RSI divergence Money flow index turning lower from overbought territory Prices could test long-term falling trend line support (earlier resistance) now seen at 162.50 levels. A daily close below the same would confirm trend reversal and open doors for a drop to 50-DMA. On the higher side, only a day end close above 168.90 (Apr 21 high) would signal continuation of the rally from June 27 low.
NYSE:GS
by TipTVFinance
DXY/ USD: FOMC - GS 65% 2016 RATE HIKE; RABO ONE 2016 RATE HIKEGoldman Sachs on July FOMC Decision : - The run of positive economic news in recent weeks has coincided with generally dovish comments from Fed offcials. Policymakers have indicated that they are not “behind the curve”, and have expressed increased uncertainty about the neutral level of interest rates. We would treat recent comments with caution, however, as we have not heard formal remarks from the Fed'€'s leadership. - Taken together, we see recent economic data and the public comments from Fed officials as consistent with only modest changes to the FOMC statement. We think the committee will upgrade its discussion of the labour market and measures of inflation expectations, but change little else. The period between the July and September meetings will include a number of important data releases as well as the annual Jackson Hole conference. Therefore, policymakers will have an incentive to keep their options open, and plenty of opportunities to guide market expectations, should they need to. - We continue to see a 25% chance that the committee will raise the funds rate in September and a 40% chance that it will do so in December - implying a roughly two thirds probability of at least one rate increase this year. RaboBank on July FOMC Decision: -While the Fed is in a wait-and-see mode to assess the threats to the global outlook and the strength of domestic momentum, recent US data have boosted the Fed;€™s confidence. We expect the Fed to squeeze in one rate hike before the end of the year, most likely in December.
TVC:DXYLong
by QuantumLogicTrading
GS - Earnings beats estimates, will it break double bottom?Goldman has topped earnings expectations. CEO Lloyd Blankfein said the firm did well across all of its businesses, despite the uncertainty created by Britain's vote to leave the European Union. Results highlight Earnings per share of $3.72 and Revenue of $7.932 billion. Analysts were expecting earnings of $3 a share on revenue of $7.581 billion, according to a Thomson Reuters consensus. Thoughts on share price The stock is down 9% this year. What this means is despite recent sharp recovery from June 27 low, there exists a potential for further upside in the pair. Upbeat quarterly results may just be the catalyst for further upside. However, note the strong results may have been priced-in by the markets and if so we could see 'sell the fact' trade. Double bottom on daily chart Double bottom neckline stands at 168.90. Monday's closing is 163.33. The recent rally from June low has seen three gap up openings. The third one is usually the sign that 'dumb' money has entered. The larger falling trend line resistance is seen around 167.50. Unless we do not see a daily closing above double bottom neckline, it is advisable to stay on the sidelines. On the other hand, a failure to take out falling trend line over next couple of weeks despite strong quarterly results could yield a fresh drop towards 140 levels.
NYSE:GS
by TipTVFinance