{"id":2173,"date":"2010-07-29T01:29:21","date_gmt":"2010-07-29T05:29:21","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=2173"},"modified":"2010-07-29T01:29:21","modified_gmt":"2010-07-29T05:29:21","slug":"goldman-posts-strong-july","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/","title":{"rendered":"Goldman Sachs Posts A Strong July But &#8220;Fever&#8221; Not Yet Broken"},"content":{"rendered":"<p>July will deliver an up month for Goldman Sachs (GS) for the first time since March and only the third time since it peaked nine months ago. GS is up 12% for the month of July, handily beating the 7% gain for the S&#038;P 500 and and the 6% gain for XLF, the SPDRs Select Sector Financial ETF. It has been a long time since GS experienced relative out-performance to the upside. The stock has been trapped in a strong downtrend. The chart below demonstrates that GS&#8217;s &#8220;fever&#8221; remains unbroken.<\/p>\n<p><center><br \/>\n<figure id=\"attachment_2174\" aria-describedby=\"caption-attachment-2174\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg\" alt=\"Goldman tries to break its downtrend\" title=\"Goldman tries to break its downtrend\" width=\"525\" height=\"450\" class=\"size-full wp-image-2174\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS-300x257.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-2174\" class=\"wp-caption-text\">Goldman tries to break its downtrend<\/figcaption><\/figure><br \/>\n*<strong>Chart created using TeleChart:<\/strong> <a href=\"http:\/\/www.worden.com\/CURRENTAFPROMO.aspx?AFCODE=866\"><img decoding=\"async\" src=\"http:\/\/www.worden.com\/Content\/Banners\/images\/88x31.gif\"><\/a><br \/>\n<\/center><br \/>\n<\/p>\n<p><a href=\"http:\/\/drduru.com\/onetwentytwo\/2010\/05\/24\/goldman-sachs-bounces-off-july-lows\/\">The last time I mentioned GS<\/a>, it had bounced off its July 2009 lows and looked ready to rally to my $150 target. It took almost two months to hit that target. The route on the way there included two breaks of the July, 2009 support. <\/p>\n<p>The stock has been in limbo since gapping up and then fading after GS reached <a href=\"http:\/\/www.sec.gov\/news\/press\/2010\/2010-123.htm\">a $550M settlement with the SEC<\/a> over fraud charges. The stock is now looking for the catalyst that earnings could not provide. Until then, I will just keep watching how the stock reacts at key technical levels. While strong resistance looms overhead, the stock will record a minor victory by holding support at the now increasing 50-day moving average.<\/p>\n<p>Be careful out there!<\/p>\n<p>Full disclosure: long GS, long XLF puts<\/p>\n","protected":false},"excerpt":{"rendered":"<p>July will deliver an up month for Goldman Sachs (GS) for the first time since March and only the third time since it peaked nine months ago. GS is up 12% for the month of July, handily beating the 7% gain for the S&#038;P 500 and and the 6% gain for XLF, the SPDRs Select &#8230; <a title=\"Goldman Sachs Posts A Strong July But &#8220;Fever&#8221; Not Yet Broken\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[62],"tags":[207,208,1597],"class_list":["post-2173","post","type-post","status-publish","format-standard","hentry","category-technical-analysis","tag-goldman-sachs","tag-gs","tag-technical-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Goldman Sachs Posts A Strong July But &quot;Fever&quot; Not Yet Broken - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goldman Sachs Posts A Strong July But &quot;Fever&quot; Not Yet Broken - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"July will deliver an up month for Goldman Sachs (GS) for the first time since March and only the third time since it peaked nine months ago. GS is up 12% for the month of July, handily beating the 7% gain for the S&#038;P 500 and and the 6% gain for XLF, the SPDRs Select ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2010-07-29T05:29:21+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Goldman Sachs Posts A Strong July But &#8220;Fever&#8221; Not Yet Broken\",\"datePublished\":\"2010-07-29T05:29:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/\"},\"wordCount\":245,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/07\\\/100728_GS.jpg\",\"keywords\":[\"Goldman Sachs\",\"GS\",\"Technical Analysis\"],\"articleSection\":[\"Technical Analysis\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/\",\"name\":\"Goldman Sachs Posts A Strong July But \\\"Fever\\\" Not Yet Broken - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/07\\\/100728_GS.jpg\",\"datePublished\":\"2010-07-29T05:29:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/07\\\/100728_GS.jpg\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2010\\\/07\\\/100728_GS.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2010\\\/07\\\/29\\\/goldman-posts-strong-july\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Goldman Sachs Posts A Strong July But &#8220;Fever&#8221; Not Yet Broken\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Goldman Sachs Posts A Strong July But \"Fever\" Not Yet Broken - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/","og_locale":"en_US","og_type":"article","og_title":"Goldman Sachs Posts A Strong July But \"Fever\" Not Yet Broken - ONE-TWENTY TWO: Trading Financial Markets","og_description":"July will deliver an up month for Goldman Sachs (GS) for the first time since March and only the third time since it peaked nine months ago. GS is up 12% for the month of July, handily beating the 7% gain for the S&#038;P 500 and and the 6% gain for XLF, the SPDRs Select ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2010-07-29T05:29:21+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Goldman Sachs Posts A Strong July But &#8220;Fever&#8221; Not Yet Broken","datePublished":"2010-07-29T05:29:21+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/"},"wordCount":245,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg","keywords":["Goldman Sachs","GS","Technical Analysis"],"articleSection":["Technical Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/","url":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/","name":"Goldman Sachs Posts A Strong July But \"Fever\" Not Yet Broken - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg","datePublished":"2010-07-29T05:29:21+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2010\/07\/100728_GS.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2010\/07\/29\/goldman-posts-strong-july\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Goldman Sachs Posts A Strong July But &#8220;Fever&#8221; Not Yet Broken"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/2173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=2173"}],"version-history":[{"count":2,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/2173\/revisions"}],"predecessor-version":[{"id":2176,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/2173\/revisions\/2176"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=2173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=2173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=2173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}