By Licia Leslie
September 15, 2024
Hi Shoppers,
The SPDR Select Sector Fund Financial (Ticker: XLF) is rallying off a beautiful hammer created on Wednesday:
That dip held the support of those previous highs in July.
XLF looks to rally to $45.75.
Shopping for cheap options:
I like the Sep27 44.50 calls.
You will double your money on those.
Use a close below $44.10 as your stop loss.
Trade Review
The Van Eck Gold Miners ETF (Ticker: GDX) traded higher on Friday and still looks to trade $41.12.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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