Simple Swing Trade Update – GS – 20 September 2013

simple swing trade update

GS is getting hit today… perhaps on a bit of “sell the news” action.  To the extent anyone took the play around $166 and is still involved, we would leave our stop in place and let it play.  The worst that happens is you take a small loss.

If and when that loss happens, we would look to reenter GS on a good long signal in an attempt to align with the public and index funds wounding off positions.  Our posture will remain the same unless we push through the swing low at $151.33.

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