4 Trade Ideas for Goldman Sachs: Bonus Idea

4 Trade Ideas for Goldman Sachs: Bonus Idea 3

Here is your Bonus Idea with hyperlinks to the total Top Ten:

Goldman Sachs, $GS, comes into the week urgent towards resistance in consolidation. The Bollinger BandsĀ® have squeezed in, a precursor to a transfer. The RSI is beginning again greater after a reset decrease whereas the MACD appears to be like prepared to show in the direction of a cross up. There is resistance at 389 and 393 then 401 and 407 earlier than 411 and 420 then 424. Support decrease sits at 381 and 376. Short curiosity is low at 1.3%. The inventory pays a dividend with an annual yield of two.84% and can start buying and selling ex-dividend on February twenty eighth.

The firm is anticipated to report earnings subsequent on April sixteenth. The February choices chain exhibits the most important open curiosity on the 370 put strike then 380 and 360. On the decision aspect it’s greatest at 410 then 400. In the March chain open curiosity is sizeable at 380 then builds from 365 to a peak at 350. on the put aspect. On the decision aspect it’s greatest at 360 and 350. Finally, the April chain has greatest open curiosity at 380 and 350 on the put aspect, and at 370 and 400 on the decision aspect.

Goldman Sachs, Ticker: $GS

4 Trade Ideas for Goldman Sachs: Bonus Idea
4 Trade Ideas for Goldman Sachs: Bonus Idea 4

Trade Idea 1: Buy the inventory on a transfer over 389 with a cease at 376.

Trade Idea 2: Buy the inventory on a transfer over 389 and add a March 375/360 Put Spread ($3.30) whereas promoting the March 410 Calls ($2.90).

Trade Idea 3: Buy the February/March 400 Call Calendar ($3.40) whereas promoting the February 375 Puts ($1.85).

Trade Idea 4: Buy the April 360/390/405 Call Spread Risk Reversal ($1.00).

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After reviewing over 1,000 charts, I’ve discovered some good setups for the week. These have been chosen and needs to be considered within the context of the broad Market Macro image reviewed Friday which heading into February, sees Punxsutawney Phil is asking for the climate to get hotter and fairness markets are wanting downright sizzling.

Elsewhere search for Gold to proceed the brief time period consolidation whereas Crude Oil falls again into consolidation. The US Dollar Index continues to float to the upside in consolidation whereas US Treasuries consolidate after a pullback. The Shanghai Composite appears to be like to proceed the downtrend whereas Emerging Markets consolidate over help.

The Volatility Index appears to be like to stay very low and secure making the trail simpler for fairness markets to the upside. The charts of the SPY and QQQ look robust, particularly on the longer timeframe. On the shorter timeframe each the QQQ and SPY have reset on momentum measures are actually additionally higher to the upside. The IWM continues to blaze its personal path, remaining within the 22 month channel. Use this info as you put together for the approaching week and commerce’em properly.

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The info on this weblog submit represents my very own opinions and doesn’t comprise a suggestion for any specific safety or funding. I or my associates could maintain positions or different pursuits in securities talked about within the Blog, please see my Disclaimer web page for my full disclaimer.

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