Goldman Sachs Group Inc (NYSE:GS)

[SMR]

The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management company. The Company operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending and Investment Management. The Investment Banking segment provides investment banking services to corporations, financial institutions, investment funds and governments. The Institutional Client Services segment facilitates client transactions and makes markets in fixed income, equity, currency and commodity products, primarily to corporations, financial institutions, investment funds and governments. The Investing & Lending segment invests in and originates loans to provide financing to clients. The Investment Management segment provides investment management services and offers investment products to institutional and individual clients.

Official website: www.goldmansachs.com

[InTheMoneyStocks]

Goldman Sachs (NYSE:GS) Takes Down The DJIA

This morning, leading financial stock Goldman Sachs Group Inc (NYSE:GS) is trading sharply lower after reporting earnings. This financial giant is part of the thirty stocks in the Dow Jones Industrial Average (DJIA). It should be noted that the DJIA is a price cap weighted index, therefore Goldman Sachs has a very high weighting in the group. A fair case can be made that today's decline is Goldman Sachs stock price is the sole cause for a 50.0 to 60.0 point decline in the DJIA.

Short term day traders should watch for important chart support on Goldman Sachs Group (NYSE:GS) stock around the $210.47 level. Swing traders should watch for major chart support around the $196.67 level. This trade level matches up with the 50-week moving average which is used by many institutional investors and traders.



Nicholas Santiago
InTheMoneyStocks