Tuesday, August 3, 2010

The whole world is watching

Notwithstanding big picture caution, there is no other way to describe the current Daily and Weekly GS Trend Models then as bullish:

GS Daily Trend Model


GS Weekly Trend Model

The GS Weekly Model reverses LONG on a weekly close above 151.23.  This price level may be key this week, not only for GS, but for financial stocks in general, as well as for the overall stock market.  GS breaking higher is bullish, falling back under 151.23, neutral to bearish.

There you have it, one price level for one stock, everything riding on it and the whole world is watching.


A