03/10 – ETF Trading – GLD, UGL

Good morning. Not a whole lot is flashing on my stock screener; however, I do have a suggestion for today.

Put GLD on your watch list. Take an initial position should this etf close lower today. GLD has been down 4 days in a row, and looks ready for a rebound. For a leveraged trade on GLD, consider UGL.

GLD – The investment seeks to replicate the performance, net of expenses, of the price of gold bullion.

UGL – The investment will seek to replicate, net of expenses, twice the performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.

All trades are at the market close. Please trade responsibly.

Join me every day as I offer new etf trading ideas for you to follow.

Updated charts:

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