GS – Goldman Sachs (Last:167.57)

We should relish kicking Goldman when it’s down, of course, but we should never turn our back on the little sonofabitch as long as it is still breathing. Which it is. The stock would need to print 173.64 today to earn our begrudging respect for the near term, since that would create a bullish impulse leg on the hourly chart.  It would take a bit less — 172.11, to be exact — to do it on the five-minute chart, so let’s set an alert there to warn of a sneak attack.  Traders please note that there is a dandy look-to-the-left peak to use for a camouflage entry, but if the trade triggers, be ready to enter on a buy-stop with zero hesitation.