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.
It's all biotech... IBB,BIIB,EXAS,ZIOP, BCRX, PCYC,AGIO,PTCT.
Some of the names are trying to bottom like AGIO, others
like ZIOP have put in higher lows for the past 6 trading days and are just going.
CELG...gains upside momentum over 121 close.
Those of you who wish to be long Europe into the ECB meeting tomorrow should look at the HEDJ 65 or 66 calls expiring Friday 3/6/15.
This gives you upside with a defined downside.
OIL...weakens under 49.45.
DXJ...is holding. Today's low is trad able.
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For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.