Tate Dwinnell is an independent investment analyst who, after spending time as an analyst for CANSLIM.net, developed his own websites with the goal of empowering the self investor and helping to level the playing field between professionals and individuals. Tate currently runs a membership... More
Thinking that the action in GS today indicates we're close to a top in GS, the financials and possibly the market for the next several weeks to months. We'll probably go up and retest the highs at some point, but being aggressively long is a big mistake here. Watching resistance at 87.50 in SPY in the coming days.
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Goldman (GS) "Sell The News" Action May Indicate Top 0 comments
Thinking that the action in GS today indicates we're close to a top in GS, the financials and possibly the market for the next several weeks to months. We'll probably go up and retest the highs at some point, but being aggressively long is a big mistake here. Watching resistance at 87.50 in SPY in the coming days.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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