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

Goldman Sachs Group, Inc. (The)

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GS trade ideas

Goldman Sachs pullback will continue Banks are up on irrational exuberance. US finance sector performing very well nonetheless. Previous bull count triggers during an oversold period resulted in pullbacks which we are currently in although we have not reached the level necessary to confirm a selloff. Which is why I am confident in downtrend continuing and hopefully to at least <190. 190 is a conservative estimate based on how fly we have flown on nothing more than speculation. The descent is slow and steady but has maintained the right direction.
NYSE:GSShort
by AlexanderHamilton
GS Rally is overRSI and price for GS is out of sorts big time. Head and shoulder patterns everywhere, and what they should have been, if Trump had not been elected, but he did. so.... we had the rally, green box, but note while the price soared, RSI headed down down down. Such a divergence I have never seen, more than historic, it was not real, all manufactured on retail hope and back channel whispers. These are the kind of distortions that when reality hits, they crash markets. So do we 1, hit the 200 day ma, 2 hit the trend line, or 3 crash like "they" never knew what hit them? Earnings tomorrow, set up for that today, with the Wells Fargo fiasco waiting in the wings. I've heard both sides cherping, bears and bulls. But doth mine ears detect a bit of false hope talk in them bulls, yes me do. The kind of talk that is designed to make you (not them) buy buy buy the rumor, while they sell the facts at the inflated price, ahead of earnings report before the bell tomorrow. And I do not trust earnings reports anymore, there is too much at stake, there is no accountability, and whatever it takes for them to tweak the report in their favor, they do it (AKA false news), because false news is now another way of getting away with a little lie, or a bunch of little lies to suit a purpose. Sorry, but the last 8 years that is what has changed. Starting with the Democratic government of Obama and throughout the Liberal media ( I will not call them news organizations anymore) Our system depends on people telling the truth, and that is why people place their hand on the bible before they testify in court. Because there is honor in it. Remove that honor, from the "honor system", and this is what you get, a system and "fake news" without honor. They should just do the lie detector thing in court from now on, and they should also hook the earnings calls CEO to one too, while he/she does the report, and when broadcastors report, they should have one hooked up to them too, so we can watch the little needle go up and down as they talk. Suddenly no one is laughing, right? LOL. And there is simply NO Way I am trusting the Wells Fargo speak. Otherwise, don't trust their words or reports. They are false news. So how can we trust price of a stock anymore, some but surely not all. This chart proves that point. RSI has honor in it, the price does not. Indicators are algorythms, facts. Maybe the black swan this time is when truth and honor re appears and takes hold of the real stock prices, and the bubble is the big balloon filled with all the hot air of lies, and false news, and the balloon pops, and all that hot air of inflated false new stock prices, and we are left with real valuations. This starts what may be the most important earnings season ever, at least to me. IMO. Its a busy chart, but I hope you get the point, of what should happened, what did happen, and what may happen.
NYSE:GSShort
by claydoctor