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.
I like this low in the FXI. the price recovery over the 200 day @ 36.70 puts this on the buy list with a stop at today's low.
AAPL...love it down here. This has one way to go into the Holiday shopping season and that is up. This should not trade back below today's low.
GOOG...has put in a daily bottoming pattern just above the 18 day mvg avg @ 1006.40. As long as that level holds it looks good. Upside momentum accelerates with a couple of closes over 1024.
SSO...we'll likely increase our weighting in this later today.
My long term tgt is close to 112 as long as it remains above today's low.
LNG...I missed my entry yesterday. This tgt's 42 short term, long term tgt is closer to 55.
XLV...maintaining and closing over 53 starts another leg up. This has the potential for a 10% move above the aforementioned level. keep this on your radar for an upside breakout.
Both Brazil EWZ & Mexico EWW had ORL days yesterday with downside pattern follow through today. While I think the worst is over I'm in no rush to bottom fish. These instruments need time and further price action to set up again.
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