I do like GS as a short position or let me say I like it a lot better than I did in recent months, but if I had to chose right now between GS and JPM, I'd go with JPM.
Here's JPM in one simple chart, where the risk is, the underlying trade, the head fake, all of it is there.
JPM 60 min pulled a move above a resistance area I expected it to and that move looks to be the head of a H&S pattern with a nasty 3C signal on the 60 min chart.
I like this as a core short or longer term position and I like it here as I have for a while. Of course any slightly better entry lowers risk, but all in all, I like it a lot.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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