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.
Pretty much everything just held.
Financials have a bid.
Momentum names are good for bottom fishing and short term trading.
Stick to the low volatilty names like JNJ,3M,IYT, Cat & IBB
GOOGL...this is a buy before you sell with a tight stop against 518.
Euro...put in a nice top this A.M. It's now unchanged on the week and the Month. Closing below the 138.60 sell stops would lead to more weakness.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.