Hubert Senters here.
Let’s take a look at Goldman Sachs. There’s an old adage on Wall Street. So goes Goldman so goes the market. If that’s true. It’s going to be a violent little summer so you can see here Goldman Sachs, GS. It is below the cloud and sold off today with the rest of the market obviously. So just keep us keep an eye on Goldman Sachs.
It’s not always true. It’s just the same analogy that you hear on Wall Street like ‘’hey, you can’t trade, trade corn.’’ I don’t know if that’s true or not either. A lot of the stuff on Wall Street is BS and some of the old wives tales on the market aren’t true. But Goldman it is good to track. It’s also good to track JP Morgan and stuff like that but pay attention to it.
It seems to have some validity to it and if you want to the best thing you can do is always have a list of longs and a list of shorts that you’re interested in trading. So no matter what the market does you will be prepared for that, okay?
And you can always track you know which sectors are strongest and which stocks in the sector are the strongest and which sectors are the weakest and which stocks in that sector are the weakest. That’s a great way to do it too. But just take a look at Goldman Sachs there’s all kinds – JP Morgan got smashed today.
Let’s see here in JP Morgan along with the market so The Dow and S&P are a little weaker. The Nasdaq and the Russell are a little stronger. And this was all calls from that Italy issue. We’ll see if we get any follow through going through this week or if it’s going to be a nice little vertical down move. And then we continue going back up. So be on the lookout for that.
I am going to be doing a special webinar on ‘’How to make $6,281.25 cents in 10 days Risking only $312.50.’’ Also going to teach your framework that you can figure out what is the best thing for you to trade for your personality and your specific trading style on this webinar.
Webinar happens Wednesday, May 30th at 8PM EST. I will see you there. Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.