Get started
Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The)

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

GS trade ideas

GS Goldman Sachs Technical Pullback at DownTrend Test $230Fib Pivot S3 $223.41 SVE Pivot S2 (TOS) $223.45 Downtrend tested this week at approx. $230 Rejected as expected -Uptrend from July ‘16 Snapped in April this year to downside #tekmunnnee Strategy into week starting 11/5 for potential Short/Put Play to $223 range 4HR 9eMA potential cross downside @ $226.72 $228.69 near term Support & Resistance test Fibonacci 61% $222.06 If below Fibonacci, potential further downside and will reevaluate Downside Pivot Targets
NYSE:GSShort
by tekmunnee
$GS - Down 20%-30% over next 8 months. So this is really about it be it, lol. For anyone that can argue this - feel free. Fortunately, not all financials are AS bad as $GS looks, but they don't necessarily look great either (technicals, at least). I've been MORE than bearish on financials for some time now, but really $GS is what I've been focused on because the underperformance is just unbelievable. To make it easy, this is the epitome of how I determine a volatile ass correction vs. the start of a real bear market. 2015 - 2016 wasn't a bear market, but solid ass corrections. $BMA for example (2nd largest private bank in Argentina), at this very moment is @ the point it starts a true bear market, or the start of a correction. Old (June 6th) pic - New pic - Back towards end of July, I noticed $PFG (Iowa based insurance company) - Was around April 2018 the performance of insurance groups & (most) banks started to fall off a cliff in regards to performance - think Fed raised rates sometime around end of March, but within a month & a half even $AIG is down -25% since February. Something is obviously going on - not sure how much Turkey or Argentina or even housing would have to do with it, but like I said if you have an argument - I'm all ears. You can look @ it on chart, but just in case nobody does that off rip, I'll make it even easier. $PFG 2008 - $PFG 2009 - $PFG 2018 - $PFG - 20?? -
NYSE:GSShort
by DerekD_