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 Healthcare is a cheap look against today's low.
This is good as long as there is no close below 72.30.
Options traders should be eyeballing the Jan 31 74 calls if you can get them on a break around 37 cents.
BBY...has had the stuffing kicked out of it. This is a cheap look against today's low to see if it can rally.
VIX...the long only crowd is buying portfolio insurance again.
This gains upside momentum sustaining above 13.
LNG...45.70 is support and the downside pivot. As long as this remains higher on the week, it's good.
FCX...a close above 36.25 in Freeport will having me thinking the worst is over for this name.
For Glossary of terms and abbreviations click here.
