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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

GS Bear - Second ChartGoldman appears to have relatively recently confirmed completion of a head and shoulders tops. The head and shoulders are marked by short horizontal blue lines, and the neckline forms at about 172. Volume during this time period appears to support the formation, as does the attempted rally (around January 29th) on the initial steep decline below neckline support. Based on the distance (46) between the head and the neck, a long term price bottom of approximately 126 is appropriate, albeit only an approximation. Regarding Goldmans recent movements, a key support/resistance level for the past two months appears to be 150. While GS has for the moment bulled its way above that point, I would note that for the YTD volume is much higher when GS declines than when it rises. This is supportive of my theory that GS is still declining from a long term head and shoulders tops, as selling pressure is greater than buying pressure. This is also the case on its most recent movement to 154.65 - daily volume was at 6.489M compared to a moving average of 6.363M - not a strong enough spike to suggest the Bulls are back in charge of the big picture just yet, but completely in line with its previous bounces in the year to date. Again, I'd love any critiques or comments at all. Oh, as a side note I have no current or planned positions in GS - this chart is purely academic.
NYSE:GSShort
by tapkcir
GS EARNINGS PLAYGS announces earnings on Wednesday before open, so look to put on this play before Tuesday market close. Here are the plays: Jan 29 142/170 short strangle Probability of Profit %: 76% Max Profit: $180/contract Buying Power Effect: ~$1749 Break Evens: 140.20/171.80 Jan 29 138/143/167.5/172.5 iron condor Probability of Profit %: 69% Max Profit: $136/contract Buying Power Effect: ~$364 Break Evens: $141.64/$168.86 Notes: As with all these earnings plays, look to cover at 50% max profit for the setup and redeploy the buying power elsewhere.
NYSE:GS
by NaughtyPines
DOW JONES OVERVIEW: GOLDMAN TRADES FLATGoldman Sachs trades laterally on both long term and short term basis. On long term basis price has recently failed uptrend borders, marked by upper 1st standard deviations from 10 and 5-year means - thus entering lateral territory within the 1st standard deviations. On short term basis price has failed to enter a downtrend on 1-year basis by holding within 1st standard deviation from 1-year mean. GS however is still on risk of fall on quarterly basis (price trading below 1st standard deviation from quarterly mean) Thus if GS holds above 180 - which is the lower 1st standard deviation from 1-year mean, it is likely to hold its new lateral range (180-201) with the upper border marked by the upper 1st standard deviation from 10-year mean
NYSE:GS
by Killy_Mel