We want to fade $GS here at the open.
We think we can get a nice pull back over the next few days in financials. GS looks like a nice fade. Lets short it here at $159.00. We would put a stop on this at $162.50. Looking for a target of around $155 or lower. May take profits quicker depending on market conditions.
There is going to be alot of headlines over the next few days in this space and may cause some people to dump the names. Going to be harder for big banks to make money going forward with new regulations.
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