May 21, 2015 - MDT - Midday Missive

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.

It's all in a name.

The names that have been working are being pushed up.

I've attached the ACT & BABA charts so you can see the similarity in the patterns.

ACT...a close over 299.60 today confirms this pattern

BHP...is worth a bottom fish with a 50 cent stop.

Don't fight the tape and the tape says up.

Alibaba
150521_100126_CQG_Integrated_Client_Chart_S_BABA_-_Alibaba_Group_Holding_Ltd_DailyActavis

150521_095809_CQG_Integrated_Client_Chart_S_ACT_-_Actavis_Inc_Daily

BHP

150521_100051_CQG_Integrated_Client_Chart_S_BHP_-_BHP_Billiton_Daily

 

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

 

/by

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

May 21, 2015 - MDT Pro Tips A.M. May 22, 2015

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

OKLearn more