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.
NOV looks good using a 53.85 stop. This can go another 10%.
USO is a buy against today's low betting on a qtrly break out with a close over 20.25
China is acting well. I placed a price order for VIPS.
China telecom has had a nice week long break into today. 68 was a good enough low.
It would have been nice to have gotten the chance to buy the low 67's using a 66.70 Stop Close. We'll know tomorrow.
EWA...put in a bottoming pattern yesterday. A close over 23.84 will lead to a test of the 200DMA @ 24.30.
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