TRADING TIPS

Let It Tell You Which Way It Wants to Go

Hubert Senters here. Let’s take a look at Goldman Sachs. There’s an old saying on Wall Street so goes Goldman so goes the rest of the market. And it may or may not be true. But if you believe in that type of stuff you can see that Goldman Sachs up $14 up 6 percent. And has a good potential breakaway gap to the high side. I’m going to call it bracket trade and let’s see what Goldman Sachs has gotten store for us here. So if it goes above $261.48 it will be a decent long. If it can get back below $248.26 then it will probably pullback to $238. My money would probably be on a high side on this situation because it’s already above the cloud breaking away to the high side. And if you look at some competitors like Morgan Stanley it’s breaking away too so. A lot of financial Wall Street brokers breaking away to the high side which is a good thing for market may not be a good thing for the economy because those things are in kind of opposite direction right now. Good luck. Hope it helps. Merry Christmas. Happy New Year. See you on the next video. Hubert.

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