Investors lost its appetite to buy pharmaceutical companies. PPH – Pharmaceutilas ETF indicates such situation. It looks like any rally in PPH is shortable.  I will monitor it in my ETF Trading to prepare some setup. But we are in strong bullish stock market trend and therefore I will set up only half size trade for this idea.

This entry was posted on Friday, April 23rd, 2010 at 1:57 pm and is filed under ETF analysis, ETF trade setup, Stock pick. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.