Potential Stop for GLD

Although I prefer stops on the close as intraday and especially morning trade are deceptive, you may want to consider this as an intraday stop, although I suspect any stop in the GLD trade will be signaled by 3C first, it's good to have this stop handy.


The 60 min Trend Channel

The stop is right around $156.70. This is why I prefer to use leverage in these short term GLD trades.