Goldman Sachs Is Talking To Us.
For the past five years, stocks like Goldman Sachs Group Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) have led the rally in the stock market after being decimated during the Financial Crisis of 2008. After the "Too Big To Fail" banks were bailed out by the taxpayer, they have been able to borrow money from the Federal Reserve at 0%. They would use that money to buy US Treasuries and earn the interest - that's a nice free money policy, especially for the bankers who all basically went bust!
This easy money policy by the Federal Reserve has benefited firms like Goldman Sachs Group Inc. (NYSE:GS) since 2009, but the charts are warning us that the jig may be up for the "Too Big To Fail" banks. With the stock market at all time highs, Goldman Sachs Group Inc. (NYSE:GS) is 35% below its 2007 peak, and over 10% off its most recent high made in January of 2014.
With a Bearish weekly chart forming on Goldman Sachs and a proprietary time count coming into play, we will be looking to short this equity for a move lower in the coming weeks. When the time is right to enter GS for a high probability trade, we will alert all members of the Elite Round Table live. Come join myself and 3 other Pro Traders as we reveal exactly what is moving and when you should be buying and selling. This is a great time for the informed and educated trader and investor!
Evan Poechman
Elite Round Table, Pro Trader
This easy money policy by the Federal Reserve has benefited firms like Goldman Sachs Group Inc. (NYSE:GS) since 2009, but the charts are warning us that the jig may be up for the "Too Big To Fail" banks. With the stock market at all time highs, Goldman Sachs Group Inc. (NYSE:GS) is 35% below its 2007 peak, and over 10% off its most recent high made in January of 2014.
With a Bearish weekly chart forming on Goldman Sachs and a proprietary time count coming into play, we will be looking to short this equity for a move lower in the coming weeks. When the time is right to enter GS for a high probability trade, we will alert all members of the Elite Round Table live. Come join myself and 3 other Pro Traders as we reveal exactly what is moving and when you should be buying and selling. This is a great time for the informed and educated trader and investor!
Evan Poechman
Elite Round Table, Pro Trader
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