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.
OIL...99.20 is the low risk sell zone with a very tight stop.
VIX...13.60 is 200 DMA support.
This level seems to be aligning with the first resistance levels mentioned this A.M. in the Indices.
IWM...113.70 is 200 DMA. 114.50 is next with a close over 115.20 needed to confirm more upside.
IBB...a close over 256 can lead to another leg up.
ISRG...Intuitive Surgical has put in a trad able low with a stop @ today's low. It's attempting an ORH day.
IYT...after putting in an ORH day Friday, it's now coming into mvg avg resistance which extends to 147.60.
Closing over those averages leaves way to higher prices.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.