GS

Keep Goldman Sachs (GS) on your watchlist - it made a rather unexpected yet significant move Thursday (as did much of the XLF).

It even ended the day on stronger volume than it started with, which even though now overbought, may still have some steam left for Friday. Either way, I don't recommend chasing it but as I stated several weeks ago, this is one that I strongly recommend long-term. Consider picking up some of the OCT or JAN 09 calls.

If you want to finance some of that expense (at risk of limiting your upside) consider debit spreads instead of the outright option purchases. In the near future I will post some techniques for identifying when you're better off doing one vs the other.