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  • Swing Trade Idea – (GLD) – October 15, 2020

    Oct 15, 2020 Swing Options Tips Comments Off on Swing Trade Idea – (GLD) – October 15, 2020

    Our bullish trade for Thursday, October 15th is GLD (SPDR Gold Shares NPV). GLD has experienced a 2.82% loss in the last month and its 1M trend turned neutral from bearish yesterday.

    GLD has pulled back recently but has found strength due to dollar weakness. With a technical score of 3 (out of 10), GLD is a weak ETF that will likely continue higher.

    As a stop loss, if GLD were to trade below $176 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We would also consider cutting losses on this options trade if the value of the vertical spread moves above $5.44.

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