Twitter Ticker ($GS)

Goldman Sachs continues to move higher, but the recently announced $5 billion stock sale signals waning confidence within the group. Lindzon posted a great piece here about some problems with the sector.

GS has stymied me a bit, and while their practice suggests unlawfulness, the message of the market remains up. Friends of mine who remain invested with these dogs are elated to see high prices, but their inclination to sell is strong, and itchy fingers are prone to panic.

Fundamentally and emotionally I say sell, but the technical trader in me refuses to deploy any short position until this surge abates.