07/02 – ETF Trading – GLD, UGL

Put GLD on your etf watch list today. Take an initial position should this etf close lower today. GLD had quite a sell-off yesterday. For a leveraged trade, consider UGL.

GLD – The objective of the SPDR® Gold Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses.

UGL – ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.

We’ll take up to 3 etf trading positions. All etf trades are at the market close. Please trade responsibly.

Have a great holiday weekend! We’ll pick it up next week with some new etf trading ideas for you to follow.

Updated charts:

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