Trader's Daily Notebook: Be Happy With the Close

Similar to Monday's auction, Tuesday's trading provided some wonderful opportunities for day timeframe scalpers. But for the most part, anyone trying to take a higher timeframe approach to trading the major indices was left with little worthwhile information. 

Small-caps ruled Tuesday's session, with the iShares Russell 2000 ETF (IWM) finishing the day roughly 0.8% in the black. However, before we get too excited by the Russell's performance, let's remember the session's range only eclipsed Monday's range by a few pennies. For now, bulls will need to be satisfied with how the session closed, which was at session highs rather than toward the middle or lower end of the range (as we saw on Friday and Monday). ...415 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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