GS – Goldman Sachs (Last:163.65)

Goldman is in crucial territory, having narrowly failed on its last thrust to reach a 173.10 target we’ve been using for quite a while. The stock also failed to surpass a 172.45 peak made eleven months ago,  thereby squandering an opportunity to refresh the bullish trend on the daily and weekly charts.  These signs will become more worrisome still if the stock extends its losing streak today by falling beneath yet another low on the hourly chart at 161.30.