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Stone Fox Capital Advisors is a registered investment advisor founded in 2010. The firm offers portfolio management with a focus on opportunistic stocks providing secular growth trends at an affordable value. An emphasis is placed on fundamental analysis though charts are used for timing entry... More
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Stone Fox Capital
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Out Fox The Street
  • Goldman Sachs Headed for Triple Top Breakout? 0 comments
    Oct 12, 2010 2:16 PM | about stocks: GS, MFGLQ, IAAC, MS
    Very interesting to see the stock of Goldman Sachs (NYSE:GS) appear headed to a triple top breakout when just about every analyst has downgraded its earnings potential due to reduced trading profits and market activity. Not to mention that the stock is ramping prior to earnings just a week away on the 19th. Also, note the higher lows in the chart pattern suggesting further strength in the stock. The lower moving averages are about to cross the 200ema which is another very bullish sign.

    Though my portfolios have no position in GS, the stock is a leading indication of financials and the market in general. Right now the stock says the market is headed higher. Our favorites in this general area remain MF Global (MF) and International Assets (NASDAQ:IAAC) both of which have been breaking out lately as well.





    Disclosure: Long MF, IAAC
    Themes: Investment Banks Stocks: GS, MFGLQ, IAAC, MS
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