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.
XLE ... resistance is 86.63. New closing strength is needs over 87 for Further upside.
XLF...The financials are into resistance.
COF...73+ a few looks to be good resistance.
GS...still looks positive, but it will struggle to get over 166.25
VIX...I like being long Vix in here for insurance, however you're looking at March options which are pricey.
Long a 15/18 call spread for 55 cents seems a reasonable way to buy some downside insurance.
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