The Goldman Sachs Group Inc. (GS)

Here are today's key observations: * Bonds continued to rise in price and sell off in yield. The 10-year U.S. note yield dropped by another five basis points and is now slightly below 2.40%. My long standing and contrarian target of 2.25% is close a...

* Stock charts are less reliable in the present than in the past * Beware of false breakouts (up and down) promoted by products and strategies that worship at the altar of price momentum * Re-mem-mem-ber - buyers live higher and sellers live lower "...

Note: I am still operating with computer problems.  I see very little going on this morning:  * Breadth is stinking up the joint - 700 advancing issues and 2100 declining issues. * Several market leaders are failing to hold yesterday's morning ramp ...

With ninety minutes to go breadth has turned negative. Before ETFs, CTAs and risk parity Goldman's loss of its entire +$3 gain on the day would matter and would likely presage a market reversal. So would the reversal in industrials and financials (b...

* Note and bond yields are shouting that the trajectory of global economic growth will disappoint relative to consensus expectations * The message of the fixed income market is currently being ignored by stock investors "This is the business we have...

* Amazon's business "moat" is deep and secure * The threat of increased regulation of the company continues to exist ... but is now seen as diminished - likely to be modest in scope and having little impact on Amazon's growth ambitions or cost struc...

When I purchased Facebook (and placed it on my Best Ideas List at $137 in late November, 2018), it - along with Goldman Sachs  - were my favorite large cap longs. The stocks were substantially out of favor and hated by the sell- and buy- side. Since...

Here are some of my individual buy levels of stocks that I want to add to or reestablish on weakness: * $157.50 * $1625 * $1150 * $42 * $55 * $46 * $46.50 * $182.50 * $31 * $40 * $23 * $65 * $16.75 * $35 * $27.75 * $60 * $95 * $48 * $87.50 Note: Lon...

I reduced my tagend longs in Facebook and Goldman Sachs down even further. I am bidding for more VanEck Vectors Vietnam ETF .

I made some good sales recently near $200 in Goldman Sachs for a large profit (now $192). As mentioned recently, I am down to tag ends. I would be a buyer at $185 or less - where I would substantially rebuild this name. In the next two or three sess...

"Just one more thing." -- Lt. Columbo It looks to me that, while breadth was positive (1,860 advancing issues, 1,092 declining issues), there was a real positive skew and influence possessed by the FANG and financials. Bond yields gapped higher (aid...

I am further reducing my and longs. Now at tag ends. 

* Further reducing gross longs * And increasing my overall net short exposure I have also moved my position from large-sized to medium-sized. (And I plan to stay there.) With the recent liquidation of ,  , and longs, profit taking in a substantial a...

* A less favorable upside/downside * And a desire to book more profits and reduce my gross long exposure I have further trimmed and longs. What was once large-sized positions are now small-sized. I have no current intention to reduce these two holdi...

* I stand with a calculator and a contrarian streak in my investment strategy * I have steadily expanded my net short exposure all week While I am respectful of price and momentum that, in part, have been influenced by the changing market structure,...

Recently I have made the following moves in my portfolios: * I have added to my and shorts. * I sold out my and longs. * I reduced the size (from large to medium) of my long holdings in and . * I initiated shorts in , and .

* I am at my largest net short exposure since September, 2018 * My calculus suggests that the market downside dwarfs the upside today My investment career has qualified me more as a Contrarian than as a Cassandra. I am never fearful in going against...

* As reward to the upside v. downside risk has changed after meaningful price gains in the last 2-3 months I have reduced from very large to medium-sized two of my favorite long investments - Goldman Sachs and Facebook. was bought and put on my Best...

*It's a non trivial possibility! Overnight I reflected upon the abysmal news at Kraft Heinz : * SEC accounting probe * EPS miss (based principally on rising costs as top line growth was, more or less, in line) * Lower profit guidance (see above, cou...

* Some thin reed indicators could be indicators of a change in pattern While one day does not make a market (as evidence S&P futures are +7 handles at 5:40 am), as I pointed out late yesterday afternoon: 1. The indices closed weakly and without a ru...