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.
UNH...United Health care remains firm over 72.60 with a 77 tgt.
BHP...as long as this stays above 63.50 on a closing basis this has the potential to reach 68.
AAPL...expect a test of the 200 day mvg avg @ 475.35.
POT...short term buy stops are 29.95. Any investor bottom fishing in this instrument should? manage their risk against 28.90 looking for 31 and then 33.?The attraction here is that short term traders are looking for an oversold bounce.
USO...as long as this does not close below 37.35 the bias is to buy hard breaks.
XLE...82.77 is mvg avg support. As long as this level holds you can buy the breaks.
For Glossary of terms and abbreviations click here.
