This is very positive as it puts the stock into fairly overbought territory with momentum indicators making much lower highs. We are expecting an imminent turn in GS and another multi-week move lower, which will put our short sell nicely in the black.
Here are the charts from today:
And the Shorter Term Chart
Work on the new website is coming along nicely. We are going to be making a pretty huge offer for the first 30 days of the site's launch, and are excited at the interest thus far generated.
The market is still trending sideways-up and it looks like a new high should be put in on the major indices - the secondary indexes should turn down 1-2 days before the primary indexes to lead the market in its next leg down.
Have a great Thursday!