TECHNICALS -GS

If the scenario plays out and the markets have put in the Sonders bottom, it is unlikely that the markets will move higher without GS participating. It is now trading at its 200 day SMA and has bullish divergences on its MACD Historgram and Rate of Change indicators. Earnings estimates for this this year are almost $15 yielding a PE ratio of under 10. The obvious question, will the earnings and trading profits keep up under different market conditions and how will the pending sales of Hank's stock impact the price. My guess is if the market goes up this equity also goes up. This equity also appears to be a good risk to reward ratio and I anticipate stepping up to it. Besides Jimmy liked it at 160 back in April when he gave it a 225 target based on a $15 eps and a 15x multiple. I will be happy to sell it where he bulled it.