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.
Goldman is down after earnings trading just below it's 200 DMA.
This will be a great candidate for an opening range trade today.
Look to pick this up after an initial flush lower.
Anything under 175.70 or below the first time is a buy before you sell!!
The Oct 16th low was 171.26. I doubt we get that low today if it's going to hold.
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