Archive for October, 2009
Stock Trade Update: Short Goldman Sachs (GS)
Updates (Monday, November 2, 2009): This trade on GS short was closed out on Friday at 172 for a 5 point gain when the alert was sent out to the subscribers. Today another email alert was sent out to short GS between 172-173 with some technical explanation as to why GS looks vulnerable on [...]
Stock Market At A Glance - Decline Continues…
Major indexes declines on much higher volume and leaders are being pounded left and right while the US dollar seems to be changing the trend here to the upside. This market is now showing major weakness signs and has either broken major support levels or is about to test one. A 10-12% correction followed by [...]
Stock Market At A Glance - Dollar Rallies
Index
Close
Change
% Change
Trend
Dow Jones
9867.96
-104.22
-1.05%
DOWN
S&P 500
1066.95
-12.65
-1.17%
DOWN
Nasdaq
2141.85
-12.62
-0.59%
DOWN
Today’s big drop in the market came on the heels of dollar making a huge swing to the upside on big volume.
After the close, Baidu Inc (BIDU) gets knocked out and sheds 13% (56.98) to close at 375.99 in after-hours trading. Sohu.com (SOHU), another bearer of bad earnings [...]
7 Lies In Under 2 Minutes…
Stock Trade Update: Short Goldman Sachs (GS)
Finally, it looks like Goldman Sachs (GS) is indeed vulnerable to the down side. With that in mind, lets short GS and see if it breaks below its 50 DMA (176). I took a good chunk of position in GS short trade at 183.29 with a stop at 20 DMA (185).
On the long side, [...]
