Wednesday, May 15, 2013

GS Still Looks Good

Lots of interest in GS! I guess not too many people like this company for obvious reasons. In any case to answer a lot of emails with one post, yes, GS continues to look good. I still prefer a longer term Equity Short, but I also couldn't help but dip in to a small put position as you know.


 Intraday 1 min GS continues to see lower 3C lows and hasn't made a higher high, a sort of short term churning.

The 2 min chart's longer trend view also still looks good even intraday

The 5 min chart showing yesterday's move that was the trigger and today's is the first institutional timeframe and it's seeing lower 3C lows and highs

The 15 min is also seeing a large negative here as well as intraday between yesterday and today (red box).

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