Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

The Goldman Sachs Target Level

|Includes: Goldman Sachs Group Inc. (GS)

 The bank stocks continue to perform poorly in the market action today. Goldman Sachs Group, Inc. (NYSE:GS) is trading $139.09, -1.75 (-1.24%).  The price action in the bank stocks of late tells of further downside. Goldman Sachs will likely hit support at $135.75. This looks to be a level that can be played as a long swing trade. Goldman Sachs has been under significant pressure of late because of new regulations and the coming end of QE2. These factors have all been putting pressure on Goldman Sachs and dragging it down.

Gareth Soloway