Goldman Sachs Group ( GS ) has been showing strong signs of absolute and relative strength since busting out of its Dec 2014 highs over the past several weeks. Strong intermediate term support remains at the lows of the weekly bar ending on May 22nd -- at a level of near $200.00. Given how well Goldman has been holding up on down days in the ES_F (e-mini S&P 500 Futures ) of late, it is likely that it is clear sailing ahead until at least $230 to $235 level, which equates with the November 2007 highs. Longer term, over the next couple years, it appears as though significantly higher highs are likely, with fairly persistent price increases.
Rising Net Interest Margin as Rates begin to Rise and Improving Economic Activity in the Back half of 2015, as evidenced by signs in some employment data, as well as a steepening yield curve are a few supporting factors. But, more than anything else, new investigations into the science of crowd physics and investor perceptions by RunningAlpha.com sources are revealing new insights that technical, behavioral, and fundamental analysis cannot see. Check out the resource section to learn more about this new method for high-impact decision-making. Stay tuned for further updates.
$200 is a level where many buyers exist for GS, but because Goldman is at the early stages of a mega bull run, this is a stock that you will want to focus on in all market environments into year end at minimum, so regardless of any volatility that could, in the worst case scenario, creep into pockets of the market very briefly, if for whatever unlikely reason GS were to drop below $200.00, $189 to $192 as well as $176 to $169.30 would offer immediate and super-long-term support -- this is where I would put my stop, so that under any conditions you will be able to hold through the mega bull cycle. While this is a wide stop, it is extremely unlikely to be hit, and furthermore Goldman is one of those names in the financial space that has a forward sentiment jet-stream structure ( sourced from RunningAlpha.com ) , that indicates the Hurst exponent will be exceptionally high going forward, and accelerating further in the weeks and months ahead -- in plain English that means it is unlikely that bears will be able to hold this name down for more than a brief moment before making persistent inter-week and monthly highs in the months ahead. Stocks like Goldman with a High expected Hurst Exponent have the greatest chance of moving higher in a sustainable way, Enjoy the ride to higher highs in the months ahead.
timwest
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If you forced yourself to jump on board here, would you stop out under $200?