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.
GOOGL...gains upside momentum over 590.
EXPE...has room for another couple of dollars to the upside.
ORCL...I like Oracle as a low volatility long. As long as there is no close below 40 the pattern remains constructive.
XLK...above 39.54 expect a test of the high. The monthly chart has a double bottom in place @ 38.27.
IBB...would be a low risk buy @ 256.
The rest of the day will be a low volume time frame trade.
Those who are involved in individual names should be a aware that weekly options expire today.
Check your names to see if they will be in play later today.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
