Tuesday, May 28, 2013

GS Update

I REALLY like GS up here as a short, I'd much prefer it made a move above today's intraday highs, but I think anywhere in the $162-$164 area would be a great entry for an equity short- a put position is up to you, I like to be in and out so I want to enter the put (buy) as GS has strong upside momentum with falling 3C charts. The 3C charts look horrible for GS through almost every timeframe.

Keep GS on your radar as an equity short. I'll be looking to fill out a previously phased in position that was started, but not completed.



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