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.
Healthcare ETF's are hovering around momentum levels.
IBB..340 is basically neutral. It's the short term pivot.
Below, I'll look eyeball 335-332 for next support.
XLV...71.85 is basically neutral. It's the short term pivot.
Give it a little time.
They tried the Nasd down early, so far no follow through.
Break down the day into two separate flows today;
The early show going into London's close.
NYC session after 1 CDT.
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