Jackson Hole Swing Trade
Fed Chair Ben Bernanke much awaited speech via Jackson Hole has all in 'wait mode'. If Ben doesn't deliver surely the financials will suffer, and more so those financials that have fingers in Europe crisis mess. Here is a swing trade to consider.
Goldman Sach travelled to $105 of weak volume, and now its waiting for direction. GS could follow the seasonal bearish September south if Ben speech has no.gif?lastmodified=201208270000ts in it. A bearish option spread seems the best play.