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.
FCX...as long as this is above 20.50 I'm looking for a test of 23.50.
NOV...love this name. it's held support.
CVX...has one of the better formations of the majors. 113-115 is the next targeted resistance level.
EOG...break out over 99.30 close.
APA...by holding 70, look for a test of the 200 DMA @ 77.
DIG...as long as this is higher on the week it's a buy.
LINE...this can be bought against today's low.
USO...the qtrly upside breakout level is 20.25. There is not much in the way of resistance above.
The opportunity will be in the Oil Patch.
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For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.