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.
Biotech has been driving the train all morning with longer term money trying to pick up bargains in the Oil patch.
The Greenback is bid giving investors a reason to put those dollars to work in our Equity market.
DIG...looks descent as long as it stays above 55.15. Closing below 54.40 will have this ETF taking another nose dive.
OXY...shows the same type of chart pattern.
?L?ooks decent as long as it stays above ?79.45. Closing below ?78.80? will have this name? taking another nose dive.
?The energy names are in back and fill mode.?
?AAPL...I've got a short term momentum level around 115.50?. Sustained price action over this level will lead the Indices on another leg higher today.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.