Overbought downtrend...
Here a very advanced move for NFP in play for GS.
We are tracking major highs and from a technical sense this is a screaming sell, the market is overbought in a downtrend... we can keep things simple here. Given the global growth scares and negative yields, the opportunity cost for holding
GS is not making it attractive enough for more allocations.
I expect NFP to trigger the highs in Equities via Fed this month, a massive leg to the downside is in play here for NFP / Fed combo.
Best of luck all those riding the pig.
We are tracking major highs and from a technical sense this is a screaming sell, the market is overbought in a downtrend... we can keep things simple here. Given the global growth scares and negative yields, the opportunity cost for holding
GS is not making it attractive enough for more allocations. I expect NFP to trigger the highs in Equities via Fed this month, a massive leg to the downside is in play here for NFP / Fed combo.
Best of luck all those riding the pig.
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