In light of my last post in regards to sector rotation I am beginning a stake in Goldman Sachs (GS). I’ve been waiting for a breakout over $185, which was the March high. We have some serious resistance at the 200 day moving average, $197, but if that breaks - the sky is the relative limit.

I am doing this to create a more balanced approach in the fund, sort of a mini barbell effect. I now have 2 homebuilders and 2 investment banks (Morgan Stanley being the other) - while in total they make up 10% or so of the fund, I need to have “something” working when the market turns to it’s early cycle play. The last few times money “flowed” from commodities to other areas (however short of time frame) the fund really suffered; so this should help to mitigate some of this suffering if we are about …