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.
BHP...can be bought with a 64.90 intra day stop. If this levels holds it will attempt a run to the 200 day mvg avg @65.95, a key closing level for more upside.
IBB...breaks out to the upside with a close over 265.25
UNH...can be bought with a 77.70 intra day stop looking for 83.
Trading idea...28 March 81 or calls...these expire 3/28/14
The 81's are app .26 CENTS
THE 82's...app 15 cents
MSFT...as long as 37.85 holds, 39 is the next tgt.
TSLA...Put in a daily double bottom. Any attempted longs should be managed against today's low.
249 is resistance and the upside closing pivot.
Options traders want to look at pricing 2-3 weeks out for month end, qtr end markings. Some of the aforementioned names do not have those available expiration s to trade.
EWA...is the best looking country ETF. 25.05 is the stop on any attempted long from this level.
Closing over 25.55 will lead to another leg up.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
For Glossary of terms and abbreviations click here.