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jschulmansr
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I am Jeffrey S. Schulman Sr. aka jschulmansr I have now officially joined the ranks of "Day traders" and I am trading in the Markets to generate my Income. I have over 30+ years investing experience along with being a both Stock and Commodities Broker, Trading Advisor and Pool... More
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  • GLD - are you nervous yet? 1 comment
    Sep 27, 2010 10:38 AM | about stocks: GLD
    GLD has been trading along its 3day exponential moving average and today's low at $126.54 hit the exact 3day ema. The talk is of a "top" which is becoming more prevalent and the more I hear it the more convinced I become that we have more upside to go. Personally, I dont think we will see a major retracement unless/until GLD breaks below 124.80 the 13 day exponential ma. Then GLD will still find major support at the simple 50 daily MA at $120.00 which, (if retracement happens before new highs), is where the retracement will end.  For now keep your stop on our GLD $125 Oct. calls at $125.79. I will let you know if I get out (take good profits).


    Disclosure: Long Oct $125 calls
    Themes: GLD, Gold Rally Stocks: GLD
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    Good stuff.

    Def. keep a tight trailing stop right now.
    27 Sep 2010, 02:23 PM Reply Like
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  • SLV also boought SEP SLV $40 calls at same time sold SEP GLD $175 puts and bought SPY $116 Puts- will let you know when I get out or add
    Aug 25, 2011
  • WOW what a day- Sold all the rest of my GLD puts this am for another massive gain- later bought SEP SPY $116 puts as SPY went negative
    Aug 25, 2011
  • GLD- Think GLD wil open up- then fail- drop some more and test the $160 support levels. Depending on action then will act and let you know
    Aug 24, 2011
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