GS

Well you can't get everything, but yesterday afternoon the charts deteriorated, it looked like something ugly was coming, today despite a nice head fake move up, those charts still stayed ugly so, TODAY WAS A GIFT, days like today give us an opportunity to enter a position at an excellent price, low risk and very good timing, they are hard to enter as the market is going the opposite way, but you just have to trust the charts over your emotions.

In any case, GS was one I wanted to add to as a core equity short and these two charts are reason why I think we still are likely to have more upside before we get the break I'm looking for, although this one is getting uglier and uglier, I think assets like HY Credit will fall completely apart before the market does and that hasn't happened yet, but what this could be is the very typical, increased unpredictability and volatility.

Back to GS...

 Note the head fake move to a new high above resistance right before GS reversed to the downside, I explain why this is so common in the two articles linked at the top right side of the member's site. In any case, the 15 min negative here is clear and I could have done something with GS as a trade I'm sure, but as a core short...

This 4 hour chart still shows a significant accumulation period suggesting GS has more upside to go before all the shares are distributed.

We'll be able to tell soon if there's accumulation in to the downside move or not.