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.
Current Positions
LONG ZIOP?????????????????????????? ? ? ? ?? 7.99?
LONG ?116 1/30 AAPL Call ? ? ??????? 1.36
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Today's Working Orders
No working orders.
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General Comments or Valuable Insight
We had a pretty big sell off from key resistance levels yesterday.
QQQ,NASD 100 Pit and XLU put in ORL days.
In order for yesterday to be a one day swoon IBB & XLU would need to hold early and rally all day.
XLK...39.35 is the 200 DMA.
Trade your time frames. It will be easier for new direction to develop after month end than for direction to change before Friday's close.
FYI...I will be out of office traveling for business tomorrow. There will be no research tomorrow or Friday.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.