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The Message from Goldman Sachs for Financial Stocks

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Published on May 4, 2016

Some stocks always serve as a benchmark for the entire sector. They show the major direction of the sector. Goldman Sachs is such a stock for the financial sector. www.dohmencapital.com

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Auto generated Transcript by YouTube
welcome ladies and gentlemen this is bert Dohmen with chart predictor for that this time today I would like to show a chart of Goldman Sachs which we consider a very important financial stocks perhaps the best of the best barometer of where the financial sector is going as you know financials should be in good shape for bull market if there's still a bull market and it will also give you warning when the bull market is over by declining here we have two charges so weekly chart that goes back to 2012 and you can see here that it has formed to eat shoulder head and shoulders this is a head and shoulder pattern and those are bearish matters now have a head and shoulder top and it's a long time because it's a long-term chart so therefore it has more significance here brokers through the support level at the very beginning of January this year it fell shana next five to six weeks when the general market had a big plunge then we got the throwback rally which is normal that's what we had over the last two two-and-a-half months and background is cool close to the breakdown level which is this line and it almost touched here and now it should be going back down and probably breaking the laws of surgery at this is our longer-term forecasts because it's a longer-term charge but it's very important to know this in a text video I will show you another charge stock which we considered a bellwether for the entire market we've called of the bellwether for several years and it gives us very important signals so stay tuned come back near future this is if you have a chance to our website common capital dot com to read some very interesting articles and also go to burn domain.com we discuss investment type of things about the economy and and other topics and you might find it very entertaining this is bert dohmen signing off

  • Category

  • Song

    • MX226_79 - Corporate Success-13858
  • Artist

    • Ariel Mann, BMI|Randy Miller, BMI
  • Album

    • MX226 Money and Markets
  • Licensed to YouTube by

    • AdRev for a 3rd Party (on behalf of Megatrax Music, BMI (Megatrax)); AdRev Publishing

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