GS..Qtrly…is the poster child for a firm benefiting from higher rates. GS…Daily
Goldman is down after earnings trading just below it’s 200 DMA. This will be a great opening range trade today. Look to pick this up after an initial flush lower. Anything under 175.70 or below the first time is a … Continue reading
Stocks… DAX…closes under 9550 are needed for a bigger correction. VIX…12.90-13.00 is 1st resistance, followed by 1360 the 200 DMA. Bonds 30 yr. Bonds…while Bonds put in an imperfect double top on the bar charts (just missing the previous high … Continue reading
GS…161.16 is the daily ORL # It is possible for 160.11 to hold the first time down and reverse back up, however a close below 161.16 signal an end to this rally in the entire market. 157.90 could be the … Continue reading
GS..is breaking out to the upside on the daily maps. This is a buy against today’s low into month end. The Transports (IYT) are breaking out as well. We are Bullish the Equities into month end.
Keep your eyes on the Vampire Squid. This just put in a “lower low” to nowhere and is reversing. Price action above 142 screws all the shorts again. 142 will be a pivotal level for both GS and the Indices
GS…just elected the weekly stops below 141.78. The next set of stops are below 140.34. Look for a test of 138.20 if we don’t recover above 142 today. AAPL…has finally failed below 419. Failure to regain traction above the level … Continue reading
The lows are good in the Indices. All new price action is needed below today’s lows for any Risk Off. BRKA…would need sustained action under 154,683 for lower. GS…151.95 Goog…821.50 is near term support. This level needs to hold on … Continue reading
Risk On Crowd… CAD/JPY…as long as this maintains above 91.50 look for the stops to be run above 92.27. This also appears to be the only way to manage a short Yen position with limited risk.. In other words…you have … Continue reading