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.
IYT...is a low risk buy against today's low. This needs to maintain and close over 161.44 for higher.
APO...Apollo Group is attempting an ORH day with a close over 24.90.
FB...stays firm over 77.65
SLB...is trying to bottom. By holding 82 Schlumberger has room for a move to 86.
Pharma is the place to keep investing.
BMY...60.80 close is the risk to own this name.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.