In a market where it’s hard to find which way we will move next, I like to look at stocks that I think could move the market.
GS is one those stocks I turn to. If it can trade above $70, I want to get long this market.
Joined Jan 27, 2008
7,405 Blog Posts
You are 100% right on this one. GS singlehandedly pulled up the market when it was red yesterday. The strength in that equity was unreal on yesterday’s tape. Two months ago it was AAPL, last few weeks it was XOM, but this week the stock that will tell you which way things are going is GS. It is ahead of the market moves and the indexes are following it.
GS getting close to it’s breakout point.
I really want to short financials like COF and AF at beautifull short-entry points, but I’m uncomfortable with the dichotomy I see unfolding: commodity stocks are getting rocked, the market’s down, but financials are holding up very well. The picture is mixed.
GS dropping like a rock.
And just that fast, GS is back to even. Watch the market follow.
GS coming up on 70 again…..
Just buy fas. Goldman is for pussy’s
Phil — comm-oddities (no?) are just waiting for a confirm in the dollar, and are therefore lagging.
When the dollar breaks down good, they’ll roll.
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GS breaking out
RC – are you still long AAPL?
in FAZ @ 52 and change, for the win.
sold @ 57.42
sold @ 57.42
watch for support at 840.
Great call on FAZ & 840 support.
GS to new LOWS next week. Better get a grip on the real world folks. Herd thinning coming up on a global scale. Sorry, that’s nature. S&P to 150 and GS to zero where it belongs.
DD — why are you posting anonymously now?
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Jake,
I was at a meeting in the late afternoon so I missed the last couple of hours of trading today.
Let me tell you something: this market is wilder than a schizophrenic crackwhore teaching Romanian to a three-legged Bolivian goat with mad cow disease. Yeah, it makes that much sense.
Holy shit.