While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
BUY XLV @ the Market!
This is an opening position with a 10% portfolio weighting.
The risk on this trade is a close below 72.50.
The break is over. IBB held our qtrly level @ 335.
I'm choosing the XLV based on cost of entry. It's half the cost of the other ETF's.
IBB or BIB are both good choices. They have the same chart patterns.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.