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.
Here are a few names to look at.
Emerging markets show a blow off low last week.
I'd still rather look for U.S. names than roll the dice overseas.
NYCB...is interesting simply because it put in a new low and reversed leaving a double bottom pattern on a weekly chart.
The Sell stop for any attempted long is 15.20. You know what the risk is for any attempted long.
FCX...the miners are picking up. The chart pattern is positive with it poking up above it's 200 day mvg avg today.
Those wishing to get long with leverage should look at the 34 March calls trading app 60 cents.
I'm not interested in chasing this, however this is worth a look in the mid 50's.
COP & SLB...both show friendly weekly patterns. The Risk is to lower on the week
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