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.
WFT, SLB, & COP are my favorites today.
AUD/JPY should try and print close to it's 200 DMA with energy & metals strength.
DIG...is going to try and trade to 62.40 ish.
I'm not backing off my view that Oil is headed toward $69, the Thanksgiving OPEC meeting breakdown.
USO...has broken out. BUY USO @ 20.40
This is a resting price order. I'm not chasing anything!
Long Oil Patch/Short everything else going into Thursday..looks to be the theme.
DIS...closing below 110.50 would not bode well for the broader market.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
