Monday, March 11, 2013

Rally in GLD - update 311

In a previous post [here], I talked about a potential rally in GLD (at least short term if not long term). I bought some 153 strike calls today expiring on March 28th. Let's see how it goes!

The day did not do too much for GLD but I like what it did. I am expecting a long candle tomorrow to the upside. I see this pattern typically on the short term charts.

Looking for a touch of the upper bollinger band at around 155.

No comments:

Post a Comment