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.
PCYC...take over news has set the Biotech and IBB on fire.
Investors after coming after the lower vol names.
AZN... is attempting an ORH day. A close over 70.15 (50 DMA) would be a first stepping stone to an assault on the 200DMA @ 72.25.
MRK...extends over 59.05 close.
NVS...shows a daily double bottom @ 102.05. use this level for risk management.
DIS...Disney calls..( Don't be a dick for a tick). Pay for your trades by the close today and let the rest ride.
Trade the names where you can manage your risk, not the ones that have moved 10-15% higher in a day.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.