Goldman Sachs (GS)

Current Long Positions (stop-losses in parentheses): HD (37.16), BTU (63.75), ADBE (33.78), CROX (18.29), DISCK (35.36), SSO (50.35), BAC (12.03) Current Short Positions (stop-losses in parentheses): None BIAS: 53% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Rebook (8:55am) My Observations and What to

I’ve added Goldman Sachs (GS) at $171.62 and Blue Coat Systems (BCSI) at $30.65. I’ve got about 8 positions in total, but I will use this afternoon to look at taking some gains off the table and even possibly closing out positions all together – with the top two of which being OI, and

Futures have risen sharply after the Jobless Claims report glowingly beat expectations (would you expect anything different prior to the mid-terms?). LONG: Goldman Sachs Group (GS)    

Two new positions today in the portfolio – the first one was Walt Disney (DIS), and the second one was Goldman Sachs (GS). The latter of which is shown for you below. Notice the clear breakout. I typically wouldn’t buy a stock in financials based on the their recent weakness, but today offered some

Current Long Positions (stop-losses in parentheses): TICC (9.62), BRKR (14.75), ITW (48.89), QQQQ (50.62), TIE (19.73), PAG (13.62), DTV (41.99), ACI (25.54), EOG (97.52), ANN (21.06), ESRX (46.42), AAPL (284.00) Current Short Positions (stop-losses in parentheses): None BIAS: 91% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Redbook (8:55am) My Observations

Today Mr. Market has been utterly ruthless on the bears. We gap way down on not-so-great earnings from Goldman (GS), IBM (IBM), and Texas Instruments (TXN), and despite those efforts the bulls manage to, once again, go on a buying spree off of the lows. I warned of a possible gap fill from

Since the trading plan was posted, the S&P continues to tinker with about 1% in losses. Goldman Sachs (GS), along with IBM (IBM) and Texas Instruments (TXN) continues to weigh the market down. As I am writing this, I just got stopped out of SCHN on a stinkin’ upgrade from UBS. I could

Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), MR (32.34), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65),  WRC (40.95), QQQQ (45.83), SCHN (44.33) BIAS: 106% Short Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Redbook (8:55am) My Observations and

If you missed Part One, you can find it here. Otherwise, below is Part two, the final 40 stocks that are on my Short Watch-List. Here are the requirements for inclusion on this list: 1) Price and volume pattern is intriguing 2) Stock has been heavily sold-off in the recent days or weeks, but still

Down to 80 stocks that I am following on my short watch-list, which is quite a bit smaller then in week’s past. Which means, I’m only breaking up the watch list into two posts instead of three like I had been doing. Here are the requirements for inclusion on this list: 1) Price and volume