It is
not insignificant that
GS is already on a
WEEKLY SELL SIGNAL, had retraced enough of its initial decline to kiss the trade trigger line (navy solid line) and appears to be turning down again.
GS Weekly
Meanwhile, the Daily chart is showing a preliminary fresh SELL:
GS Daily
A
7 comments:
How does the action of one particular stock,relate to whats happening today in the greater indexes,or in relation to other stocks.?
In other words,while GS may be looking as you describe,90% of my stocks are UP 2 -3 % today,and the greater indexes are holding steady at mid day,from an opening Up ,followed by a retrace down,and now holding even,and looking more up than down for the day.
How do you read the market today?
Gold miners up today.oil down.
stem cell biotech up
upwrf (oil explorer) up
trgl (oil explorer) down,pulling back from a big surge up last week
and NNVC up nice today.
Is it possible that we might see some decoupling of individual stocks,or sectors, from the major indexes,...like a return to fundamental factors driving individual stocks ?
I'm encouraged by what I'm seeing today.
Your thoughts ?
GS -3.37
GOOG -6.15
BIDU -4.11
AAPL -2.16
AMZN -3.31
I gotta be honest here.
I've been checking out Allan's blog for over 3.5 years but I don't know what I'd do if Lucky stopped posting...
Vai, vai, vai, vai, não vou!!!
khalid,
Impeccable taste in music, but your far too kind! lol
Thanks for the compliment and thanks to Allan for the WATER TO DRINK
Lucky
hung up on a little boy george over here...
http://www.youtube.com/watch?v=IpFmEvdJjvw
at least with trend following...we steer clear of the song's title.
-Mike
Bought the GS April 220 Puts on the close today. Only $0.83 of time value per option or about 1% of purchase price. Lets see if the daily prices follows the weekly trend.
Eric
Yes I AM smarter than the lines.
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