Goldman Sachs did not get the memo!

GS is trading in red even when Buffet bulls zombie BAC.


Weak dollar props financial markets

Surprising gold was also weak. Felt like a short term reallocation of money from a long time winner, gold, to long time suffering stocks. Tape on BAC, GS, MS in the financials remained pathetic all day. Bear market rallies are strong. Looking to re-short QQQ @ 20 EMA and to reload on GLD around 173, if it reaches there.

Financials big daddies struggling

GS down -1%
BAC down -3.5%

Difficult for markets to keep levitating with these big financial stocks struggling.

Mid day markets

Markets moving higher on low volums as QQQ’s take out yesterdays high. Goldman Sachs (GS) lagging badly. Energy and tech doing well.