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.
OIL...remains under pressure. A close today under 74.70 either month is negative.
74.46 is long term mvg avg support.
Once below look for a test of the 69-70 decade fib support. This will be a do not sell zone the first time in.
Brent...77.75 seems to matching up with the WTI level. Brent needs maintain and? close below 77.75 for more downside.
SOXX...has been doing well all week buoyed by TQNT.
If we see any weakness late tomorrow into Thursday we'll try and pick some up.
MVV...is a low risk long since you could use a stop just below today's low to manage risk.
The Banks have been doing well led by Deutsche Bank in Europe and Citi in the U.S.
WFC...needs a close over 53.60 to gain upside momentum.
GS...needs over 191 to gain upside momentum.
BAC..needs over 17.25 to gain upside momentum
VA...Branson must be giving away free space rides given the 40% rise in 2 full days of trading.
UNH...looks to be headed to 102.
TSLA...by remaining over today's opening range of 256 Tesla can try the low 270's again.
WTR , AWK & CB...all have definable risk at today's low. They are low volatility names.
The whole board is about trade location. If you can identify your risk you can make a trade.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
