GS Goldman Sachs Group (92.89)

Goldman’s short-squeeze should have convinced no one that happy days are here again for the banking industry, but even so, a 16% rally in one day should temper our enthusiasm for resisting the tide. Clearly, the best way to short the stock is to reverse a long position at a rally target. There’s one now at 103.92, so we may have an opportunity to do just that. More immediately, though, the stock looked bound for a lesser target at 94.81, predicated on a decisive move past its associative midpoint, 93.07.