Arete-HI

$GS triple bottom at $328

Long
NYSE:GS   Goldman Sachs Group, Inc. (The)
Looks like we touched here yet again, accumulation is sitting inverse to RSI. Goldman has some headwinds, earnings were not 'amazing,', $XLF and $DJI being sold off take away passive flow, and TLT has rallied hard Sun, Monday, and today. There is a narrative that banks will have much better earnings once interest rates rise, and they can profit off all the money loaned out. I'm long here, but generally this is very neutral because you can consider that we really trying to push through 328, or that we clearly have a floor at 328. You might look at the chart and think to go short.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.