GS, Goldman Sachs Group

gs dec 10 2014

We would be sellers here of GS simple because of the EW pattern. This is a huge flat that has completed waves A and B (give or take) and is about to start C in the near future. You do not want to go along for the ride as C waves can be messy and should take the stock below the lows of the A wave. Right now the stock is still creeping up on borrowed time but this should stop any moment now. The RSI, MACD etc. suggest a turn is right around the corner.