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.
Once again, the board is all about identifying the names that had the stuffing kicked out of them.
FEYE...Look for a test of 31.25 with 34 being an exit zone for any buys this A.M. 26.38 is the trailing stop for longs.
A lot of names have already come into resistance such as PCLN.
The worst looks over for MSFT if this can close above 40 for a couple of days.
GOOGL...can easily trade into the mid 540's
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
