8 replies to this topic

[lawdog]

the canary in the coal mine?

[SemiBizz]

Stay tuned for GS earnings tomorrow pre-market....

[opinionated]

Exactly Semi,

 

I wanted to take profits on IWM puts yesterday and flip long....  But fear that no matter what GS reported it would act like MS I held off on the long till this morning. Did sell puts at the close but held my TLT calls. I expect a tradable bottom around 2-1-17 then a roll over for a final low around the 2-6/2-8

 

Best

[SemiBizz]

Actually, the fate of the market rests here at GS 236.00

 

We're up and down that number now, the low came earlier at 231.55...

 

This could be some robust testing going on...

 

But if 236 is gone, I don't have to tell you what to do...

[redfoliage2]

GS is down upon the report this morning.  Selling on the earnings fact is the general trend now for most of the stocks .........................

Edited by redfoliage2, 18 January 2017 - 11:04 AM.

[opinionated]

Tried a short when I saw GS reaction...  Stopped out waiting on a long now. I see 2160 today SPX from there is a good long IMO

[SemiBizz]

I have a downside target of GS 215.00...

 

A confluence of daily, hourly, and gap support along with intersection of broken trend line...

 

Edited by SemiBizz, 18 January 2017 - 12:28 PM.

[kinga200]

My daily on GS turned down yesterday.  It is the first since 10/5/2016.  And almost everytime my daily had turned there is some follow through, but dont know how much.

[kinga200]

Going back to 10/5 which was the start of it's move, there is HUGE resistance above.