Cart (0)
VIDEOGoldman Sachs: Breakout or Fakeout?
Resistance could become support.
 |
|
Macke's Purple Crayon has been restructured in a way both disturbingly familiar and much darker: He's ditched the crayon for a permanent marker. To stay in touch with his roots, he's still wearing footie PJs; indeed, the same footies he had when he was a wee French lad drawing moons and balloons.
Think of him as a less hygienic Hulk who's permanently angry and doesn't mind it, and is stronger than Todd-O but not of Super Strength (unless he picks his foes very carefully).
The Purple One cares less for justice than good trading, which at times means simply recognizing an injustice he can profit from (e.g. "Goldman Sachs (GS) controls the world; as a general rule, it's best to own them and seldom logical to short them).
Goldman Sachs
Click here to enlarge.
Enough of the back story; where does the Hulking Purple One think the market stands after last week's rally, and what's he watching for his tells? Read on for these and other musings from a fetid pajama-clad guy with a fetish for purple.
S&P 500
Click here to enlarge.
USO
Click here to enlarge.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
