Goldman Sachs

There are three rally targets worth considering right now, all of them between ___ and ___. The lowermost, _____, should be used as minimum objective for now; however, if it's surpassed we should infer that the second, a Hidden Pivot at ____ broached here earlier, is likely to be achieved. And if that number

Friday's opening-hour rally went just high enough to run stops above the previous day's peak, but we'll consider that peak, a Hidden Pivot resistance at 129.95, technically intact. However, if the stock closes above the pivot today, or trades more than 60 cents above it intraday, we should infer that Goldman is fixing to run up to

Although likely in my estimation, a rally to the spotlighted Hidden Pivot at _____ is not quite a done deal, especially if the stock gets pummeled today, widening the distance from yesterday's high. We would therefore

If the stock catches a breeze, it could get to _____ by week's end. That's a Hidden Pivot, and its midpoint sibling at 123.92 has already been exceeded. More immediately, we can try bottom-fishing at _____, the target of a minor corrective pattern. Bid there for 200 shares, stop ____, raising the stop to ____ if the bounce we're expecting materializes and hits 119.65. Minimum price objective: 119.90.

We're playing with the house's money in this stock, since we made a nice chunk of change leveraging low-risk calendar spreads tied to the April expiration. This time I'd like to short the little flying pig, probably by buying some way-out-of-the-money put calendar spreads at the peak of the stock's next rally. That could occur at _____, my minimum upside projection for the near term; or at _____if any higher

Goldman should lead the way down if the bear is about to emerge from hibernation, as we suspect it is. It would take merely a breach of 112.50 today to turn the daily chart bearish, and a print below 112.22 to queer the 0.618 Fibonacci support associated with the most recent rally leg. Ordinarily I'd suggest trying to leverage the stock's fall by buying some long-dated, way out-of-the-money puts. However,

The option position could have been closed out yesterday for a gain ranging from $800 to $1,200, with the best opportunity coming on Goldman's dip to 118.65 about 90 minutes into the session. If you still hold the two July-April 115 and 120 calendar spreads (along with a single extra short April 115 call), you should exit it today rather than carry an unhedged position in the July calls into next week. Playing it down to the wire today would be risky, but not without commensurate rewards. Maximum theoretical gains of about $2280 on the entire position would come with the stock settling at $115

Our calendar-spread position has gained a mildly bearish bias with the approach of April expiration, so I'll recommend closing it out on any weakness this morning that brings Goldman down to 120 or lower. In such circumstances you should come away with a net gain of $1,200 or more,

Our option position is showing a theoretical profit of $1,180, but there is another $1070 of potential gains over the next two days if the stock ends the week at 115. The profit would even higher -- around $2680 -- with GS at $120. You can exit between now and Friday, but officially we'll close out the position just before the April calls expire. There is no reason to try and squeeze the last dime from this trade, but keep in mind that a haphazard exit could cost you $300 or more of otherwise easy gains. A well-managed exit implies exiting both sides of each calendar spread at the same time, about midway between the bid and offer.