Goldman Sachs Showing 2 of 3 Key Bearish Signs

Keep an eye on the GS daily chart for a short

   

As we’re in the midst of earnings season for Morgan Stanley (MS), TD Ameritrade (AMTD) and other big banks and brokers, Goldman Sachs (GS) is showing limited upside in the $163.50-$167 range. Chasing the stock higher at this point is likely not a great idea, and shorting it is too aggressive right now, so what’s the trade here?

There are three key features I’m watching to confirm a move lower. Watch today’s trade idea video to find out what they are.

Serge Berger is the head trader and investment strategist for The Steady Trader. Sign up for his free weekly newsletter.


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